Sarah Palin Quotes
One thing that Americans do at this time also, though, is let's commit ourselves, just everyday American people Joe Six-Pack, hockey moms across the nation I think we need to band together and say, never again. Never will we exploited and taken advantage of again by those who are managing our money and loaning us these dollars.
Palin, Sarah. Vice Presidential Debate. Washington University, 2 Oct. 2008, St. Louis.
Greenspan and some others assumed that the shareholders and the executives who ran the financial institutions had the same vested interests. But the executives had disconnected themselves from the fate of the shareholders, by having Golden Parachutes to protect the executives even if the business failed and they were fired. And they got their bonuses immediately so by the time the authorities and the shareholders discovered that the profits the bonuses were paid for were illusory, the bonus money was safely stored in a secret offshore bank. But if things went wrong, there was always the play of getting a government bailout which would keep the executives getting their huge bonuses and keep the shareholders from losing their money as the taxpayers covered most of the losses.
At this time it was 6 years after the Home Financing Crisis and the Meltdown of 2008 and despite tens of thousands of law violations by the bank, the Justice Department was finally finishing their investigations and requiring some penalties. Other negotiations with other banks were in progress, but no bank executives were going to jail for the millions they handled fraudulently, whereas a burglar who stole household goods would do jail time.
Sarah Louise Palin is an American politician, commentator, author, and reality television personality, who served as the ninth governor of Alaska from 2006 until her resignation in 2009. As the Republican nominee for Vice President of the United States in the 2008 election alongside Arizona Senator John McCain, she was the first Republican female vice presidential nominee and the second female vice presidential nominee of a major party, after Geraldine Ferraro in 1984.
