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Make Them Pay

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FROM A READER

Published: February 25, 2009

Editor:

No more giveaways for Wall Street at taxpayers' expense. Any future plan needs to be implemented fairly for taxpayers, which means no more freebies for Wall Street. If banks made bad investments, then their shareholders and executives need to face the consequences before any taxpayer money is put on the line.

Experts agree on the key principles. Prominent economists, including Paul Krugman and Joseph Stiglitz, both winners of the Nobel Prize, Nouriel Roubini, Dean Baker, and Jeffrey Sachs, all agree that the government must get a fair bargain for any money it invests in the banks, even if that means temporarily taking over insolvent banks. Even conservative Sen. Lindsey Graham, R-S.C., admitted this.

If taxpayers' money is being risked, then taxpayers should get any profits. If taxpayers are going to risk their money to help the banks get back on their feet, then we should get equity, just like other shareholders, once they're back to profitability.

If I broke the law, as in robbing every person in America, they would seize all my assets. That is what needs to happen here, seize all their assets and make them pay not us. If the American people, including the media, are not outraged over this, something is mentally wrong.

Patti Constantino-Martin
Spring Hill

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