The Night Gallery of Corporate America and the Banking Industry

The news just keeps getting "stranger" with each day that passes. Citizens are urged to "make sacrifices" and tighten their belts, and government officials promise that saving the economy will take the work of everyone. It seems that banks and Wall Street feel that they are not part of "everyone."
When a bank such as Northern Trust, or Wells Fargo accepts tax-payer bailout funds, then they have joined the ranks of "everyone." Outrageous expenses on parties, lavish foods, highest priced hotel accomodations, and entertaining that ordinary people just can't afford seems to scream out "We don't care what you do without, because we don't have to do without anything." Northern Trust stated that they did not ask for the bailout funds. I cannot imagine an armored truck pulling up to Northern Trust's door, bandishing weapons and demanding that the safe be opened so that they could pour the billions of dollars into the coffers. It is more of a stretch of the imagination than Night Gallery. If it was a hostage situation where bank CEO's were held against their will and the money stuffed into their pockets by government agents, then I could understand their dilemna. This did not nor has it ever happened. Their open hands took the money and decided that now it was "party time."
If the Obama administration could do one thing while in office, it should be to make it plain, simple, and mandatory that banking and Wall Street "higher ups" do not make fools out of the American taxpayers, and that they share in the misery that they have created. There is a lot of finger pointing, but one thing is for sure. It did not happen overnight, it did not happen since January 20, 2009 when President Obama took office, and it did not happen because of the expertise of these highly educated and valued employees. It happened because of greed, stupidity and down right blatant "me and not you" attitudes. If you did not want the money Northern Trust, then return it, and ask your guests to pay the tab, and not the American people. You could have made corporate contacts at a much less lavish scandal then the one you flaunted in the face of the nation. So if the American people point their fingers, it should be at corporate America and the banking industry. There has never been in the history of America such a significant gap between those who have and those who have not, and especially in those who take and those who have to give. Taxpayers do not have a choice, they have to pay their taxes or face the penalties. Corporate and Banking CEO's do have a choice, as does the automobile industry. If GM buckled down, used common sense and tried to appease its customers instead of its investors, I can assure you that the economy would not be the straits it is now in and it would not be costing in the trillions. It should be the American people who celebrate when greedy corporations, whether Northern Trust, Bank of America, Citi-groups, or Chrysler face the taskmaster and pay up, shut up, or give up their opulent lifestyles. After all, it seems that with the lack of business sense displayed so far, there is a lack of education and quality among the CEO's of this nation. It is time to start cleaning house and dispose of the "malfunctioning", broken, and inadequate leadership in the business world. If they were in the private sector, they would be the first to be let go for inefficiency, non-productivity, and corporate theft. They stole the peace of mind, and the lifestyle of the everyday tax paying man, and woman and should be dealth with swiftly and forcefully. An uncontrolled child is disciplined and an uncontrolled adult is just not acceptable.
Something to think about
©Arleen M. Kaptur February, 2009