clipped from: www.washingtonpost.com   

Capitalist Punishment


since President Obama laid down the law Wednesday, we demand that the guys who ran our banking system into the ground abide by our pay scales in return for our bailing them out.

After all, what's the moral distinction between welfare recipients and the wizards of Wall Street, other than that the welfare recipients aren't the ones responsible for tanking the global economy?


If you stack a corporate board and its compensation committee with top executives from other firms, what you end up creating is a cross-corporate club that rewards its members with the stakeholders' money.

Is this any way to treat our best and our brightest? The guys who shuttered our industrial base, indebted us to Communist China, hooked us on plastic and subprime mortgages, bought our politicians, eluded our regulations, wiped out our retirement plans -- and then turned to us for help when their house of debt collapsed? Damn straight it is. Bring on the pillories.