Wednesday, November 26, 2008

Bailout



Hot Wings, a DJ on a local radio morning show, made this rant a couple days ago during his 'What Hot Wings Thinks" segment of the show. I enjoyed it immensely.

In the rant he raises several good points though the one that struck me most was that the CEO of Citigroup, Vikram Pandit, has made over $216 million in the time he has been in that position (less than a year). The collective salaries of the Big 3 (Ford, Chrysler, GM)? Less than $5 million a year.



"Governing a large country is like frying a small fish. You spoil it with too much poking." -Lao Tzu

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