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Old 10-08-2008, 11:13 PM
 
Location: The Netherlands
8,567 posts, read 14,529,077 times
Reputation: 1573

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Originally Posted by Luke9686
Quote:
If you owned a company that was required by the government to do a specific thing, or else you wouldn't be in business anymore, you would do the same.
If I owned a company in the Netherlands I sure wouldn't have to. Our government regulates business a whole lot better than yours.
When our bank presidents fail their job and their bank collapses they at least have to pay back their bonuses.
Then again they don't earn as much here in Holland as they would've if they lived in America.

There are plenty of rich and innovative people who could have gone abroad to make an obscene fortune but haven't because it would have been better for the Netherlands if they stayed here.

Sure our rich b*tch about the amount of taxes they pay more than those who don't have a job but they see the logic behind it.
I'm glad to conclude that we as a nation pay more tribute to our socialist ideals than the individual free market economy.

Quote:
Sure blame the rich. They do nothing and are bad right? They are the ONLY ones to blame, am I correct?
If the rich are as greedy as your American bank presidents who still make a fortune when their banks collapse then you sure are correct.
Only a corrupt system would reward someone who failed because he only had eyes for his own desires.
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Old 10-09-2008, 01:28 AM
 
Location: Cloud Cuckoo Land
558 posts, read 707,365 times
Reputation: 214
Quote:
Originally Posted by Tricky D View Post
Originally Posted by Luke9686
Only a corrupt system would reward someone who failed because he only had eyes for his own desires.
They're paid based on the contract they negotiated with the company. If a CEO negotiates a contract that says he'll get such and such no matter what happens, then that's what he should get (even if his poor choices run the company into the ground). If someone doesn't like the way their company compensates their execs they're free to find a new employer.

Obviously if the execs are breaking laws (e.g. Enron) the situation is different.
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Old 10-10-2008, 12:53 AM
 
48,519 posts, read 81,130,238 times
Reputation: 17979
Personally I think many CEO are like football stars and worth wayht they can get. Same thign in manyother sports and other things. Buit then sometimes they turnout to be duds but a contract is a contract. Some union people I know think that american auto workers have a golden parchute that will bring down the big three. But it is a contract that the automakers signed and their investors thought it was ok as long as things were good. This is america and thigns like this are part of the dream of going from rags to riches;not just tho9se born with a silverspoon in their mouths.Look at the monery acts are payed when ofteh the movie flops.
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Old 10-11-2008, 03:31 PM
 
464 posts, read 1,480,950 times
Reputation: 208
Quote:
Originally Posted by artsyguy View Post
Who is to blame?
I would say greedy mortgage lenders, greedy homeowners with Cadillac tastes but Ford pocketbooks when it comes to buying homes and utilizing their credit cards , greedy Stock Brokers, greedy CEO's, and overall entitlement attitudes which are shared amongst most Americans. It can be best described as a Greed-implosion on the Country.
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Old 10-11-2008, 10:16 PM
 
2,652 posts, read 7,646,323 times
Reputation: 1874
Good stay in Holland. When Russia comes knocking on your back door, don't come running for our aid. Just realize, if we fail so will you. No matter where you live. This country drives the world. Have fun in The Netherlands. We may not be perfect, but we are still THE BEST.
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Old 10-11-2008, 10:38 PM
 
Location: The Netherlands
8,567 posts, read 14,529,077 times
Reputation: 1573
Originally Posted by GhostInTheShell
Quote:
They're paid based on the contract they negotiated with the company.
Right, let us ignore reality because words on a piece of paper sure are more important than the facts, right?


Originally Posted by Luke9686
Quote:
Good stay in Holland.
I’m not planning on leaving.

Quote:
This country drives the world.
Spoken like a true American (puppet).
I'm sure you believe this, but you should go travel around the world.
After 9/11 America has gotten loads of good will of the world, too bad your idiot of a president f*cked it all up.
I have nothing against the American people, but your government truly is run by idiots or at least 1 idiot (Dubya) who like a good little puppet on a string listens to the idiots who put him in power.

Last edited by Tricky D; 10-11-2008 at 10:52 PM.. Reason: forgot to name 2nd quote
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Old 10-12-2008, 12:10 AM
 
Location: Pinal County, Arizona
25,107 posts, read 34,391,056 times
Reputation: 4893
Who is "Most" to blame"?

Actually, and IMO, people like Barney Frank, Sen Dodd and the like - the Democrats.

The Bush administration introduced legislation in early 2001 to regulate FNMA/FHLMC - the Dems got it killed. They did the same with other legislation introduced by the Bush admin -
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Old 10-12-2008, 01:02 AM
 
Location: Seattle, WA
3 posts, read 9,084 times
Reputation: 11
Quote:
Originally Posted by artsyguy View Post
Who is to blame for the current Depression?
In order:

-The Fed
-Uncle Sam
-Greedy bankers
-Mercantilist governments in East Asia f*cking with our exchange rates
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Old 10-12-2008, 03:09 AM
 
Location: The Netherlands
8,567 posts, read 14,529,077 times
Reputation: 1573
Originally Posted by Dr House
Quote:
-Mercantilist governments in East Asia f*cking with our exchange rates
How about Europe?
Together with Asia we give the US money to feed their excessive shopping addiction, because we fear that if America's economy collapses ours will join.
I mean how many credit cards do Americans generally have?
The Dutch generally don't buy anything if they can't pay for it in cash, we usually don't like buying on credit.
Although this habit has changed because some of our banks too bought the American hedge funds.
Luckily not as many as in the US.
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Old 10-12-2008, 09:56 AM
 
Location: The Netherlands
60 posts, read 377,083 times
Reputation: 47
Quote:
Originally Posted by Tricky D View Post
Originally Posted by Luke9686 If I owned a company in the Netherlands I sure wouldn't have to. Our government regulates business a whole lot better than yours.
When our bank presidents fail their job and their bank collapses they at least have to pay back their bonuses.
Then again they don't earn as much here in Holland as they would've if they lived in America.

There are plenty of rich and innovative people who could have gone abroad to make an obscene fortune but haven't because it would have been better for the Netherlands if they stayed here.

Sure our rich b*tch about the amount of taxes they pay more than those who don't have a job but they see the logic behind it.
I'm glad to conclude that we as a nation pay more tribute to our socialist ideals than the individual free market economy.

If the rich are as greedy as your American bank presidents who still make a fortune when their banks collapse then you sure are correct.
Only a corrupt system would reward someone who failed because he only had eyes for his own desires.
High trees get a lot of air...
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