Bank Xecutives

The Americans are now questioning whether the bail out money for the banks will end up in the hands of the people who created the problem-ie the executives and fund managers. This is a fair question. There is an easy solution though. Just make the directors of the banks and financial institution sign a guarantee before they get the bail out. Then put a provision in the legislation stating that any losses are recoverable from the directors first and the bail out fund second. Essentially make the executives insure their own companies. If you get the benefit you should take the risk and corporate executives have got away with too much for too long.