Smith on Gold Relationships

Currently, all we have been hearing is bad news about the economy. Yet, even during the Depression, there were those who made a lot of cash...

Dear friends,

One of the great mysteries of the current "financial crisis", at least, so it seems to me, involves the question: When a company fails and needs a government bailout, why is it that the executives who were in charge of the failed enterprise remain highly compensated?

With the excellent piece on the link below, Elm Smith of the Philadelphia Daily News tries to help us have a little more clarity, concerning this abovementioned matter.

Cheers!

G. Djata Bumpus
http://www.philly.com/dailynews/local/20081010_Elmer_Smith__Failed_execs_get_the_lollipop__laid-off_workers_get_the_stick.html?adString=pdn.news/local;!category=local;&randomOrd=101008061819