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Ah, that makes sense. In that case, I agree - don't force me to pay a high tax rate and then use the money to bail out people who make bad deals. That's just ru
by MichaelBurge 11y ago
Ah, that makes sense. In that case, I agree - don't force me to pay a high tax rate and then use the money to bail out people who make bad deals. That's just rude: I can feel the anger swelling already.
The executives would be personally liable for bad decisions that lost their shareholders money, so I could see letting the banks fail and then having people sue the executives to reclaim some portion of their money.(I'm assuming the banks are public companies)
Why the cries to have them jailed or criminally punished, though? The article mentions fraud and market manipulation, but that's pretty vague. (I'm assuming people are angry at Icelandic bankers for the same reason they were angry at US bankers)