Subprime CEOs Explain Why They Made Millions While Americans Lost Homes

"...Congressional Democrats got right to the point today: How could the CEOs of three companies behind the subprime mortgage market make millions of dollars while thousands of Americans lost their homes and investors lost billions of dollars?" There seem to be two different economic realities operating in our country today." Is there a deliberate design flaw in the Economic & Judicial systems of rule and law, lopsidedly benefiting corporate greedy guts? Where science and facts play second fiddle to the power of the Mouth backed by money?

There is not an intelligent being alive that could not understand Natural Capitalism with justice based on natural laws, facts and unfettered science; where human life comes first and foremost, the primary factor upon which justice and profit is gaged: the greater the health and prosperity of all, the greater the justice and profits for all (simple numbers game). So who CHOKED THE SYSTEM, on top of scientific suppression of advanced energy systems from the late 1940's (Evolving Advanced Energy Systems without which Human Life Cannot Survive) ?

Mild shock and disbelief barely registered in the nation of the most productive, overworked, underpaid, underinsured, vacation deprived, low paid slave/workers in the world, as they watched their bridges fall down, while their taxes, gas and energy costs continued skyrocketing to uncharted realms, as the masses stagnated in unmovable traffic, and government departments threatened to close due to lack of funds - On the bright side, the worldwide corporate 2% greedy guts, individually, had aplenty, more wealth than 30 nations combined, apiece.... irrelevant to who is paying for their errors (as in subprime loans).

As common sense in science is lost with the continued stagnation of our energy base and deep troubling theoretical foundational issues in physics, so too, Civilization's Survival Parameters fly out of sight, out of mind, along with the values and morals inherent within new scientific understanding which new energy systems would reveal. Scientific Stagnation bodes an ill wind to evolution, sustainability, and survival as "cycles of humiliation, dumbing us down, violence, and Unrestrained Corporate Greed prompting resource wars with nuclear finality" join hands with global warming and ecological imbalance to precipitate the historical "rise and fall of civilization" - a Tsunami accelerating toward us with a far more spectacular event than the legends and myths of 'Atlantis and Lemuria"........ had more people known that Energy from Corn (or going backwards to a dimwitted concept of radioactive nuclear power application ) sounded a wee bit kindergartenish and senile for the twenty first century......the Future may have had a chance.

Subprime CEOs Explain Why They Made Millions While Americans Lost Homes
Three CEOs Testify About the Subprime Mortgage Collapse and Their Pay Packages
By SCOTT MAYEROWITZ ABC NEWS Business Unit
March 7, 2008 —
Congressional Democrats got right to the point today: How could the CEOs of three companies behind the subprime mortgage market make millions of dollars while thousands of Americans lost their homes and investors lost billions of dollars?
"There seem to be two different economic realities operating in our country today. And the rules of compensation in one world are completely different from those in the other," said Rep. Henry Waxman, D-Calif., chairman of the House Committee on Oversight and Government Reform. "Most Americans live in a world where economic security is precarious and there are real economic consequences for failure. But our nation's top executives seem to live by a different set of rules."
In 1980, chief executives in the United States were paid 40 times what the average worker made. They now make 600 times the average worker's salary, Waxman said.
"I think there's merit to pay for performance," Waxman said. "But it seems like CEOs hit the lottery even when their companies collapse."
But the Republican ranking member on the committee warned ...full text