The economic crisis and compensation

I heard an economic journalist from the Washington Post say the other night that this bailout wasn't about fairness, it was about saving the economy.
In other words, for the rest of us to stay afloat, we're going to have to make sure the Masters of the Universe get what they feel they deserve, or they may not sign onto the package.
Evidently, these guys would rather see the economy tank than give up their obscene compensations. This will be interesting: the power elite-- which are an immovable object, up against an irresistible force--a Congress full of politicians running for reelection in six weeks.


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Comments
Actually, I'd love to see the economy tank. The worse it gets, the more likely neither republicans not democrats will come out the other side as viable parties (not that they are viable now, mind you, but we may have viable choices on the other side :-).
Posted by: Tom | September 24, 2008 7:53 PM