Kenneth R. Feinberg Special Master for Executive Compensation, imposes severe pay cuts on American International Group, commercial Bank of America, Chrysler, Chrysler Financial, Citigroup commercial bank, General Motors, and General Motors Acceptance Corporation, after they received billions of “dollars” in Federal bailouts over the course of the previous twelve months.  Scott Silvestri, a spokesman for BfA, reacted to the news with, “People want to work here, but they want to be paid fairly.”

       Question: Is it fair compensation that these executives having lost so much of their stockholders’ equity should not be required to reimburse the owners (stockholders) for their losses?

       NOTE: Those who sell their souls to the false god of fascism have no recourse when the devil calls in his marker.

       [added 1/15/2022] Thanks to Freedom’s Phoenix for this entry.