Living and breathing in the Second City
On the $700 billion bailout of the investment banks, the Trib reports:
… it appears increasingly likely the package will contain more oversight for those buying the distressed assets; limits on executive compensation for companies participating in the program; language providing taxpayers an equity stake in some of the transactions; and perhaps a provision allowing bankruptcy judges to modify some mortgages.
Does that mean I’ll receive a dividend check when AIG finally turns a profit again? … if they ever do. I’d like to see that in writing.
The fog comes
on little cat feet.
It sits looking
over harbor and city
on silent haunches
and then moves on.
-Carl Sandburg
Leave a reply