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'What We Need Are a Few Public Hangings'

Posted Sep 26, 08 1:26 PM CDT in Business Opinion 

(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.”  
Source: National Review

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Henry Paulson is a lame duck - he's just doing this to save the economy.   (AP Photo)
The Capitol Dome is illuminated late Tuesday as efforts to repair the economy continue, in Washington, Tuesday, Sept. 23, 2008.   (AP Photo/J. Scott Applewhite)
Why bother limiting executive pay, when we can hang them high! Anything to appease the masses.   (Shutterstock)
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The mob is agitated, but hardly blameless. Few complained about cheap loans and doubling home values. Now all of the sudden everything is the fault of Wall Street malfeasance. - Charles Krauthammer

Window dressing such as capping pay packages is a prescription for outsourcing our best financial minds to London and Dubai. - Charles Krauthammer

Capping executive pay is piffle. What we need are a few exemplary hangings. On television. Pick a few failed investment firms, lead their CEOs in chains through the canyons of Manhattan and give the mob satisfaction. - Charles Krauthammer

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