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Accountability in bailouts

November 26, 2008

Re "U.S. rescues giant Citigroup," Nov. 24

Your article underscores the need for the federal government to tighten the strings on each bailout it proposes and hold all executives accountable for their bad decisions.

Citigroup's collapse was caused by the big boys who speculated with risky but potentially profitable maneuvers. As a condition for the company to continue on, these sharpies need to go -- just as the dunderheads in the auto industry must also be purged.

The new Obama administration must ensure that the hundreds of billions of dollars of taxpayer risk are not squandered further by greedy and incompetent management.

Tim Geddes

Huntington Beach

::

So when is the U.S. going to rescue Righettigroup?

Kim Righetti

Upland

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