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That's why the first step in any bailout should be declaring the investment firm insolvent, and the second step should be firing the Management and Board of Directors. Then executives with golden parachutes get to stand in line with all the other creditors and have the bankruptcy court decide who gets paid.


My God ... you sound like Newt and George Will today, both of whom pretty much threw both Bush and McCain under the bus today (George all but endorsed Obama). Crisis creates such great partners.

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