No Bailout, Please?
I was looking at several news sites online, and found out that the CEO of WaMu, who had been on the job for 17 days, is walking away with about TWENTY MILLION DOLLARS!
Alan H. Fishman was hired by WaMu on Sept. 8th, given a $7.5 million bonus and guaranteed a cash severance of $11.6 million. And yes, even though the corporation went belly up, he gets to keep every cent.
Why are we, the small-change taxpayers with our own mortgages and debts to pay, supposed to pitch in to keep companies like this going?
Oh, yeah - because if you're not willing to pay more and more taxes, you're not patriotic.