ravan

The more I read about the details of this fucking bailout plan, the less I like it.

Yeah, if there's no bailout, the markets will crash, and the world will be very unhappy. BUT, any bailout will just reward the very people who've fucked us all over for years, with fantasy investment products and phony paper.

The people who perpetrated this fraud must pay the price, not have their pockets re-lined with taxpayer money after they've squandered investor capital.

This Jane Q Taxpayer wants all of those fancy pants brokers and shills and their CEOs to be out of work. These investment and credit bankers have beggared a generation of Americans, made us into a nation of debtors, sold us a bill of goods and then made it harder to start over with bankruptcy.

Actions have consequences, damnit, and the Paulson plan plain SUCKS!!!

No bailout without these items:

1. Strong congressional oversight - no closed door deals.
2. Equity for taxpayer cash - no equity stake in the company, no bailout money.
3. Salary caps for executives of any company receiving federal funds - they get federal assistance, they get GS pay.
4. Firms under bailout/restructuring can't dispense golden parachutes - standard severance of 1 week's pay for year of service.
5. All non-real securities are deprecated and not sold - futures, derivatives, anything that requires an MBA to see the actual, hard value in.

Pass these 5 around.

Because LJ has "decided" that having interests that are "illegal" is somehow a solicitation to break the law, or is not the "kind" of "community" that they want to have, I will not be updating this journal with anything but posts about the deletions, bigotry, and judgemental crap that is involved.

Quotes from LJ CEO Berkowitz on CNet:

"We did a review of our policies related to how we review those sites, those journals, and came up with the fact that we actually did have a number of journals up that we didn't think met our policies and didn't think they were appropriate to have up," Barak Berkowitz, chairman and chief executive of Six Apart, said in a telephone interview.

...

"Our decision here was not based on pure legal issues. It was based on what community we want to build and what we think is appropriate within that community and what's not."
--Barak Berkowitz, chairman and CEO, Six Apart

This kind of knee-jerk, bigoted, "sanitization" of the LJ environment by daddy-knows-best corporate jerks turns my stomach. The fact that they bowed down and kissed the ass of dominionist, "Joels Army" type fundamentalist scum like WfI is just appalling!

Saying fanfic containing torture of villians or underage sex is promoting torture and pedophilia is like saying murder mysteries are manuals for murder. Dumb.