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Nationalization is a bad word in the USA
by subrashankar

The F&F battered mortgage guarantee (giants,then)dwarfs need a booster and it is not available in the free market.The very market that used the debts and derivatives to the n th degree is unable and unwilling to hold the baby which is now wet

I personally feel it is just in time that Treasury Department stepped in sent a strong signal of support.If the rotting institutions need some overhaul and replacement of worn out parts,that is the way to go.I think Congress must legislate subjecting all CEO and Senior company officials severance to an overriding law that limits their severance package to three years pay and nothing more should the company financially collapse.This will help trim the huge and often ridiculous packages CEO and Senior staff manage to contract upfront and get away with it at the cost of the company,shareholders and stakeholders.

There ae so many staring examples like Enron etc within recent memory that costed a huge pile to the stakeholders and employees when what was swept under the carpet could have been exposed with checks and balances and responsible analysis of the real situation prevailing

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