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Enron was but the canary in the coal mine for what corruption and greed will allow a business to get away with and uncovered just how blind of an eye the Fed gov has towards regulation.
Location: By the sea, by the sea, by the beautiful sea
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Quote:
Originally Posted by HappyTexan
Sad that you think that is how capitalism works.
The US Fed Gov is full of regulators..all who were and still are asleep at the wheel.
Sad? Nah, I'm just realistic.
If that's not how things often work tell me how many have been prosecuted for selling people mortgages they knew from the outset those people couldn't afford?
If that's not how things often work tell me how many have been prosecuted for selling people mortgages they knew from the outset those people couldn't afford?
That's not capitalism..that's what I'm trying to get across to you.
We DO NOT have true capitalism at work here in America.
Corporatism, cronyism I'll buy. But not capitalism.
Capitalism may be going on at the local level with people you deal with everyday. But when you get into the upper echelons of the wealthy..that is not capitalism.
If only our Senior management at US Companies was paid at the same level of Senior management in China/India ...
American workers are paid peanuts ... while salaries and bonuses of Senior Management is going through the roof. Then when companies fail, workers are blamed and laid off, Senior Management get golden parachutes and new jobs on TV as analysts ...
Tax hikes have and will always be a complete failure insofar as generating extra revenue, as Hoover, FDR & Obama have and/or will conclusively prove, and ending this stupid debate forever!!!!!!!!!!!!!
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