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	<title>Comments on: Citi Field Chicanery</title>
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		<title>By: Matt</title>
		<link>http://www.citizeneconomists.com/blogs/2009/03/12/citi-field-chicanery/comment-page-1/#comment-7353</link>
		<dc:creator>Matt</dc:creator>
		<pubDate>Thu, 12 Mar 2009 19:01:50 +0000</pubDate>
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		<description>Had Citi been allowed to fail, this wouldn&#039;t be an issue.  I completely agree.  

I do not agree with the idea that grotesque, greedy executives should be allowed to pay themselves fortunes with my money.  Salary caps are necessary.

Had we not bailed them out (i.e. government intervention, which you seem to be blaming for the &quot;mess&quot;), they would have failed, and we&#039;d be better off.  Definitely.  And yes, I disagree with the bailout, but:

Keep in mind that had Citi and its brethren not put themselves and the entire financial industry, and the American economy, and the American taxpayers and their retirements and mortgages into the position of near-collapse, then the bailout itself would never have been an issue.

The &quot;mess&quot; started with executive greed, not government intervention.  Government intervention was a response to an already existing &quot;mess&quot;.

And at this point, I do not believe that CEOs and banking executives can be trusted any more than the government to properly manage taxpayer money - they have proven that they are incapable!

In fact, the government, elected by the people, as representatives of the people, has more right to run those companies than their own executives do.

We bought them - they are our companies now, and they should be operated by the public through government representation.

The greedmongers do not deserve to have decision-making powers in those companies any more.</description>
		<content:encoded><![CDATA[<p>Had Citi been allowed to fail, this wouldn&#8217;t be an issue.  I completely agree.  </p>
<p>I do not agree with the idea that grotesque, greedy executives should be allowed to pay themselves fortunes with my money.  Salary caps are necessary.</p>
<p>Had we not bailed them out (i.e. government intervention, which you seem to be blaming for the &#8220;mess&#8221;), they would have failed, and we&#8217;d be better off.  Definitely.  And yes, I disagree with the bailout, but:</p>
<p>Keep in mind that had Citi and its brethren not put themselves and the entire financial industry, and the American economy, and the American taxpayers and their retirements and mortgages into the position of near-collapse, then the bailout itself would never have been an issue.</p>
<p>The &#8220;mess&#8221; started with executive greed, not government intervention.  Government intervention was a response to an already existing &#8220;mess&#8221;.</p>
<p>And at this point, I do not believe that CEOs and banking executives can be trusted any more than the government to properly manage taxpayer money &#8211; they have proven that they are incapable!</p>
<p>In fact, the government, elected by the people, as representatives of the people, has more right to run those companies than their own executives do.</p>
<p>We bought them &#8211; they are our companies now, and they should be operated by the public through government representation.</p>
<p>The greedmongers do not deserve to have decision-making powers in those companies any more.</p>
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