Each U.S. taxpayer now owns a $1,785.71 ownership share in the banks of America, calculates New York Times columnist Clyde Haberman (check his math). So would it be too much to ask for an end to ATM (automatic teller machine) fees? How about a moratorium on executive bonuses? A-and another thing:
Why not forbid any bank receiving taxpayer money to purchase naming rights to sports stadiums and arenas? Citigroup is handing the Mets something like $20 million a year to call their new stadium Citi Field. Surely, the Mets do not need Citigroup’s money — not to mention yours — to keep failing to make the playoffs.
(Corporations bought naming rights to days, months, and years in one of David Foster Wallace’s novels, if memory of the reviews serves.)
(My favorite proposal, from I forget which obviously unhinged left-wing blogger: Treat bank executives like customers who declare bankruptcy, and make them prove they’ve taken a basic course in finance.)
[Bank recruitment folder, Finsec]