11/11/2008

Wall Street vs. Sesame Street II

Reimbursement rates in federally funded, state administered child care programs are so low that they force child care centers and homes to pay low staff wages. However, it appears that when the federal government provides funding to the nation's "leading" financial institutions, no such restrictions apply.

ABC reported:

"Some industry analysts predict that the average managing director at an investment bank that is receiving government [bailout] money could receive a bonus of $625,000 this year, according to data from Alan Johnson and Associates."

CNN reported:

"Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets, and golf outings, according to lawmakers investigating the company's meltdown. AIG sent its executives to the coastal St. Regis resort south of Los Angeles, California, even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy."

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Given the dramatic changes resulting from the American election and the recent financial crisis, we are interested in what you perceive to be the greatest threats to your organization today. Share your views in the Exchange Insta Poll on "Threats to Your Organization".

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