Call Your Lawmakers About Bailout - WLOX.com - The News for South Mississippi

WLOX-TV Editorial

Call Your Lawmakers About Bailout

All this week we have heard numerous ideas on how to bailout our country's troubled financial markets. Most folks we talk to want to make sure a couple of things are included.

First, the presidents and CEO's of companies being bailed out should not receive millions in exit compensation. Why should the president of a company receive such an outrageous amount of money when they were at the helm when the business collapsed? Why should stockholders and now tax payers have to pay millions of dollars just to get rid of someone who is doing a poor job?

This is bad business and should not be tolerated.

Secondly, we believe there needs to be better oversight of the financial markets to make sure we don't experience this near meltdown again.  While we usually don't favor governmental intervention in the private sector, this time we believe it is necessary to bring stability back to our financial markets.

We urge all of you to take a moment to call Congressman Gene Taylor at (228) 864-7670, U.S. Senator Roger Wicker at (228) 604-2383, and U.S. Senator Thad Cochran at (228) 867-9710 and let them know how you feel about this matter. If you'd prefer to email, just click on the highlighted names above. 

It's time for the silent majority in America to stand up and let your voices be heard.

That's our opinion, we would like to hear yours. Email your thoughts to editorials@wlox.com, or post your comments below.

David Vincent
WLOX-TV Station Manager

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