Economic Crisis Solution

Or How China became capitalist and America, communist...

Here's a crazy idea on how to solve the apparent economic crisis on Wall Street:

Instead of the US government diverting taxpayer's hard-earned dollars away from killing people overseas; they should look up all the C.E.O.'s who've received bonuses over $1,000,000 over the past two or three years, take their cash and pump it into the system. I'm sure they could easily make a start on $700 billion.

Here's where they could start:

NEW YORK (CNNMoney.com) -- Goldman Sachs Chairman and CEO Lloyd Blankfein will take home nearly $68 million in restricted stock, options and cash, making it the largest bonus ever given to a Wall Street CEO.

Blankfein was awarded $26.8 million in cash and $41.1 million in restricted stock and stock options, according to a company filing with the Securities and Exchange Commission issued Friday.

Lehman Brothers chairman and CEO Richard Fuld Jr. made $34 million in 2007.

Goldman Sachs paid Co-Chief Operating Officers Gary Cohn and Jon Winkereid made $72.5 million and $71 million.

American International Group’s chief executive Martin Sullivan, who was ousted in June, made $14 million.

Morgan Stanley Chief Financial Officer Colin Kelleher got $21 million.

Merrill Lynch CEO John Thain was paid $17 million in salary, bonuses and stock options.

JP Morgan Chase & Co. chairman and CEO James Dimon earned $28 million in 2007. Chase bought Bear Stearns in a fire sale earlier this year with Washington promising to take on up to $30 billion in assets to get the deal done.

Fannie Mae CEO Daniel Mudd made $11.6 million in 2007.

Freddie Mac, CEO Richard Syron, brought in $18 million.

Wachovia Corp. chairman and CEO G. Kennedy Thompson received $21 million in 2007. He was succeeded by Robert Steel as CEO in July. Steel is slated to get a $1 million salary with an opportunity for a $12 million bonus, according to CEO Watch.

Seattle-based Washington Mutual will pay its new CEO Alan Fishman a salary and incentive package worth more than $20 million through 2009 for taking the helm of the battered bank, according to the Puget Sound Business Journal.

http://network.nationalpost.com/np/blogs/fullcomment/archive/2008/09/25/193135.aspx

There you go: there's at least three or four hundred million. And really, who needs all that money?

Really?