While millions of Americans feel the crunch of the subprime housing crisis, the people responsible for causing the mess in the first place--namely, the CEO's running the banks responsible for the large number of subprime loans--get to keep their multi-million dollar paychecks.
Sure, some of them have been ousted from their jobs--but what does that matter when you earned as much as $48 million just last year alone? Those guys are set for life, while many of the people who were bilked into accepting the usurious loans offered by their banks are now facing bankruptcy, poverty, and possible homelessness.
It just goes to show that the overriding principal in our society is greed--the idea that anything goes, as long as it makes a buck.
If a doctor misdiagnoses a patient, and as a result, that person dies, he or she will likely be held accountable for their actions. If a car salesman tells you he's selling you a car with 5,000 miles on it, when in reality it has 100,000, he could be in big trouble if he gets caught. So why aren't these CEO's held accountable for the damage they have done?
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1 comment:
I couldn't agree with you more. It's time for some big changes in this country.
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