Blatant GREED of slick financial elites crashed our economy but they keep on pampering themselves even as we, the tax payers, are forced to throw hundreds of thousands of billions of dollars at those failing businesses.

It seems that Obama's bite is now a puppy whimper since Geithner and Summers have been long time cozy friends with the very some greedy bankers that caused this mess in the first place. They have been whispering in President Obama's ear about the danger of harshly punishing executives for fear of spooking the private investors.

No longer is the plan to oust the greedy bankers, instead our trillion-plus dollars are being put right into those same hands. Even though Obama put a half million annual cap on cash paid to the CEO's, the restriction does not apply to Citigroup, Bank of America, JPMorgan Chase and about 350 other banks that have already grabbed bailout money. It only applies to the banks that get money from the new phase. Also, the executives that do fall under the cash cap can receive unlimited bonuses in the form of stock payments.

Political Cave In: the worst part is business leaders no longer feel responsibilities to future shareholders, employees, and the society in general - now they believe in amassing short-term wealth! The goal is to drive up stock prices - hook or by crook, are hailed as geniuses and treated like royalty, and to hell with any fall out or damages.

Current thinking is that the best gets the highest pay. So why does quite possibly the most powerful men in the world, President Obama, earn 25% less than the bankers - without bonus? Those $1/2 million business executives earn way more that the top rated non-profit leaders, community bankers and our finest teachers.

Since CEO's pay themselves, they've come to a assume that they are America's most valuable people, HUH! Even indispensable?

The GREEDY corporate culture must change! But sadly, Geithner, Summers and Obama have advanced that culture by failing to hold to their guns - hold the worst CEO's accountable for their destructive actions.

I am mad as h__l - how about you?

If you feel the same (or not) let us know. Thanks for your input, we will publish comments with your permission.
Sincerely, Marcia Waldburger @ www.MinocquaMortgage.com