Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: DeplorableIrredeemableRedneck who wrote (2970)	8/12/2003 10:23:21 AM
From: Lino...	Read Replies (1) \| Respond to of 37540

A bittersweet report....it seems I will be paying (again) for bureaucratic arrogance and I'd be willing to bet that there will not be a cent in penalties or lost wages for any govt employee or bureaucrat involved. They get paid well to be as corrupt as they can be. As I've said before, this shit will happen on a daily basis until govt bureaucrats and employees are held criminally and financially responsible for their actions.

To: DeplorableIrredeemableRedneck who wrote (2970)	8/12/2003 1:27:44 PM
From: marcos	Read Replies (1) \| Respond to of 37540

Those will be our tax dollars doing hard labour, paisano ..... what a zoo eh .... there is a guy i know since he came to this country over forty years ago, very disciplined mind and a quick study, in the seventies he went to work for the federal business development bank, and ended up with some stories [not told out of school, as he provides no names or identifying details, just the story outlines] .... they weren't all horror shows, in fact some considerable successes came out of it, but in these cases they almost always had to bend the rules and/or the internal interpretations of the rules .... some of the worst results came because the rules were applied exactly as stated .... basic problem was, the bank was set up as 'lender of last resort', and specifically prohibited from acting as a venture capital firm, this had the effect of robots getting promoted over free thinkers, you could have trained chimps to fill out the forms ..... so guess what, he quit, and for years now has worked about three days a week tops, makes far more money, sets his own rules and has a fat book of contacts in whose offices he will always be welcome .... he still says there is a place for such guvmint efforts, but that to organise them well you have to make them at least in part independent profit centres, with management paid according to bottomline performance, otherwise basic business principles get overlooked [well, duh]