Now Wall Street may shun $700bn bail-out

Fears are mounting that many Wall Street banks and financial firms will refuse to participate in the US government's $700bn bail-out package, leaving global markets and world economies in a perilous state for months to come.

'There is a growing feeling that banks ... might instead decide to tough it out,' said Thomas Caldwell, chairman and CEO of Caldwell Financial, a $1bn-plus fund manager.

But Wall Street analysts, believe the addition of so many terms to the bill might deter potential participants.

One of the least attractive elements is a section designed to curb executive pay at banks that participate in the bail-out package. These include limiting stock-related pay and banning 'golden parachutes' for executives.

'I think this hodge-podge of regulations and rules will be enough to put many off participating,' Caldwell said.

http://www.guardian.co.uk/business/2008/oct/05/wall.street.bailout

Everyone should take cover....it's about to get real ugly out on Main Street.

Shareholders need to figure out a way to get rid of these characters.

They are willing to take us all down with them.......

UNpatriotic motherf*ckers!

but very complex. I read some analyses that clearly stated that companies should not be lining up for this bailout, or else it will encourage even more speculation. Essentially, it's needs to be punitive in one way or another. There's something clearly wrong if companies are racing to get this money. Having some companies with reservations is a good thing.

...once they do, they will see how bogus the limits on executive compensation are and they will go ahead.

They're just putting out the same talking points again.

The CEOs never gave a shit about anything but their own balance sheets...

Hopefully shareholders will crucify any CEOs that don't take a bail out and fail instead for a golden parachute... and if not, isn't there some sort of prosecution to be indulged in?

They could give me a spare million and save my home.. Actually I could get by with less, but I'm getting real sick of being broke and injured and listening to Billions going out the door to greedy motherfuckers..

Sez Wall Street about the Bill to Nowhere.

Greedy Wall Street execs won't take taxpayer money because they're too greedy to accept the terms? Good!