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There should be bailout fallout

September 20, 2008
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RE "A plan to stop the bleeding" (Page A1, Sept. 19): I do understand that as part of the so-called big picture, the taxpayers must continue to bail out the failing financial institutions. But I think we should add a few stipulations to the bailout. When the federal government is asked to step in, the chief executive, chief financial officer, company president, and anyone making more than $5 million a year should see their compenation trimmed to, say, $60,000 a year. They should also surrender their mansions in the Hamptons and the 22-room apartment in Manhattan. The properties should be turned into shelters for families displaced as a result of the mortgage crisis.

KELLY PAGLIUCA
Lynn

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