Watercooler

Who could have predicted this?

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1 Votes
Locked

Who could have predicted this?

AnsuGisalas
http://wonkette.com/486703/in-shocking-move-banks-pocket-cash-meant-for-homeowners
Only a cynic.
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AnsuGisalas

In theory useful. In practice, often the root of all evil.

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CharlieSpencer

aren't responsible for their misuse. BANKERS may be the root of all evil...

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CharlieSpencer

On average, are Aussie or European corporations any less profit minded?

That Rupert Murdock, he's a real humanitarian.

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1 Votes
Deadly Ernest

to change citizenship to be allowed to be such a rabid ******.

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NickNielsen Moderator

The banks have learned (sort of) from their mistakes, so the only mortgages they are writing are for people who can prove they don't need the money.

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1 Votes
HAL 9000 Moderator

All Banks are Bastards you can start to understand just how wrong the current system has got.

Once upon a Time in a land Far Far Away any company wanted to make a Profit. Now every company wants to make a bigger profit than they did last year and do everything possible to achieve this.

Where the Free Enterprise System Fails Totally is in the Share Holders Greed which they themselves consider as their single redeeming quality. This is carried through from the Boards of Directors who give themselves massive bonuses and unjustifiable salary packages to the end share holder who has lost sight of the fact that trading on the Stock Market is Gambling not a guaranteed way to make money.

What is amazing is how a failing company rewards their management for their stupidity by taking the company to failure by proceeding down a path that has no possibility of generating any long term profitability for that company. The Share Holders also accept this and continue to blindly follow the Boards without question.

So over all I guess everyone involved gets exactly what the deserve nothing.

Col

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1 Votes
boxfiddler Moderator

with half a brain...

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HAL 9000 Moderator

Many consider the Unreachable depths of Greed to be a Redeeming Quality and that is the biggest problem.

Of course believing that people will do the right thing is an all together different issue.

Col