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Welcome to SportTrac.Org
Off Topic Discussion
Who Killed Chrysler?
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<blockquote data-quote="Thomas Rogers" data-source="post: 860064" data-attributes="member: 60724"><p>Les said: </p><p></p><p></p><p></p><p>That's naive.</p><p></p><p></p><p></p><p>If the American taxpayers hadn't stepped in them some of the Wall St firms would have gone under, and their executives would have made sure that they got their "cut" (read: their contracted bonuses) before the lights got turned off, even if that meant not paying creditors and those they owed money to.</p><p></p><p></p><p></p><p>May not have been right, but bail-out or not, if those in charge of handling the money are contractually due some money then they are going to get it. That's simple black and white. It may not "feel right", but it's what's going to happen.</p><p></p><p></p><p></p><p>"Earned" and "deserve" aren't the issue. Contractually obligated is the issue.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 860064, member: 60724"] Les said: That's naive. If the American taxpayers hadn't stepped in them some of the Wall St firms would have gone under, and their executives would have made sure that they got their "cut" (read: their contracted bonuses) before the lights got turned off, even if that meant not paying creditors and those they owed money to. May not have been right, but bail-out or not, if those in charge of handling the money are contractually due some money then they are going to get it. That's simple black and white. It may not "feel right", but it's what's going to happen. "Earned" and "deserve" aren't the issue. Contractually obligated is the issue. TJR [/QUOTE]
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Off Topic Discussion
Who Killed Chrysler?
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