The Enemy Within ....

[AlfredJPruffock]

In response to the Sep 11th attack the USA launched its War on Terror costing Billions to protect American intrests - now we find the USA is on the brink of collapse - due to the gree of its own citizens -The enemy within.

For example -

...Wall Street's five biggest firms paid more than $3 billion in the last five years to their top executives, while they presided over the packaging and sale of loans that helped bring down the investment-banking system.

Rather than reward these failed CEO's - I would prefer a showtrial as the actions of these CEO's are tantamoun to financial terrorism.


Am I alone in this respect ?



Now theyre planning the Crime of the Century
Well what will it be?

Read all about their schemes and adventuring
Its well worth a fee
So roll up and see

And they rape the universe
How theyve gone from bad to worse

Who are these men of lust, greed, and glory?
Rip off the masks and let see.

 

[gingerjedi]

Am I alone in this respect ?

No, pack em' off to guantanamo.

 

[2uk]

They deserve what they get now. The red-neck generation will suffer for there is a price for IGNORANCE !

 

[ace00]

I

..................

...Wall Street's five biggest firms paid more than $3 billion in the last five years to their top executives, while they presided over the packaging and sale of loans that helped bring down the investment-banking system.

Rather than reward these failed CEO's - I would prefer a showtrial as the actions of these CEO's are tantamoun to financial terrorism.

Hanging's too good for them. We need to make up new crimes to punish them.

 

[original PM]

But these CEO's have done nothing more than satisfy stakeholders demands for increased returns.

The fact that they may have been able to foresee the problems is neither here nor there - saying that they maybe need to be a bit cicrumspect and not oversell to people who cannot pay back would have been commiting boardroom suicide.

 

[gingerjedi]

But these CEO's have done nothing more than satisfy stakeholders demands for increased returns.

They can't just plead ignorance as they knew full well it was a risky strategy, why can't they just accept that perpetual growth is not realistic and take a hit every now and then?

 

[sasguru]

But these CEO's have done nothing more than satisfy stakeholders demands for increased returns.

The fact that they may have been able to foresee the problems is neither here nor there - saying that they maybe need to be a bit cicrumspect and not oversell to people who cannot pay back would have been commiting boardroom suicide.

or resigning on a matter of principle. Remember when that used to happen?

 

[TimberWolf]

But these CEO's have done nothing more than satisfy stakeholders demands for increased returns.

The fact that they may have been able to foresee the problems is neither here nor there - saying that they maybe need to be a bit cicrumspect and not oversell to people who cannot pay back would have been commiting boardroom suicide.

Well they say decisions made by share-holders are short term ones. Or at least I think they do, I might have made it up.

 

[original PM]

They can't just plead ignorance as they knew full well it was a risky strategy, why can't they just accept that perpetual growth is not realistic and take a hit every now and then?

Well they say decisions made by share-holders are short term ones. Or at least I think they do, I might have made it up.

because the shareholders are only interested in dividend returns and not long term company stability - problem is CEO's have to satisfy shareholder demand.

in the past there was some honor and CEO's would walk away rather than drive the company into the ground - this is no longer the case as they still get fat pay offs whatever happens.

 

[AlfredJPruffock]

because the shareholders are only interested in dividend returns and not long term company stability - problem is CEO's have to satisfy shareholder demand.

in the past there was some honor and CEO's would walk away rather than drive the company into the ground - this is no longer the case as they still get fat pay offs whatever happens.

Interesting commnets.

Personally the more critical issue is grasping the extent to which the Credit Crunch as a criminal and parasitic enterprise , in some ways expresses the social essence of the Bush administration and the American ruling elite as a whole.

It seems that the crisis of world capitalism is behind the lurch to the right by the US political establishment, the virtual collapse of liberalism and the criminality of the present regime, from Enron to Iraq and now this mess.