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Wednesday, 15 October 2008

Like school boys infront of the head

Check out the drama behind the $250 billion US bank bailout.........

The chief executives of the nine largest banks in the United States trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday 13th October. To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, then Treasury Secretary Henry M. Paulson Jr. said they must sign it before they left.

This is great isnt it 'youve been caught out and now its time to take your punishment - no ifs, no buts, no second chances'.

Allegedly there were some whinges (partic about executive pay curbs - can you believe that!) but they all signed.

Excellent work

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