Posted: Jul 28, 08
8:39am
Now that the government has arranged guarantees to bail out Bear Stearns and propped up Fannie Mae and Freddie Mac, where have the die-hard 'capitalism/ free-market' zealots gone who abhor limitations on business operations and CEO pay?[My brother lost money going short on some related stock before the FNMA/FHLMC bailout...WTF?] What do I need to know to join you in spite of this? Seems like a 'heads I win, tails you lose' proposition, with the rest of us riding to the rescue of business. Should CEO & executive pay be untouchable once paid? What about board oversight--or is that a joke? Thanks!
