'What We Need Are a Few Public Hangings'
String up some CEOs to satisfy the mob, and get on with a bailout
By Kevin Spak,  Newser Staff
Posted Sep 26, 2008 1:26 PM CDT
Henry Paulson is a lame duck - he's just doing this to save the economy.   (AP Photo)
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(Newser) – The masses are agitated, and so is Congress. How dare Henry Paulson ask for so much money to bail out those greedy Wall Street evil-doers? The truth, writes Charles Krauthammer, is that Paulson is a lame duck doing his best to save the economy, and that the crisis was mostly caused by well-intentioned subprime lending. But heck, “if some really good catharsis will allow a return of rationality to Capitol Hill—yielding a clean rescue package that will actually save the economy—go for it.”

Capping corporate pay will only drive talented executives overseas, and besides, it’s not bloody enough. “Pick a few failed investment firms, lead their CEOs in chains through the canyons of Manhattan and give the mob satisfaction,” suggests Krauthammer. “The ratings would dwarf American Idol, and the ad revenue alone would make the perfect downpayment on the $700 billion.”