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To: Paul Senior who wrote (33691)3/2/2009 9:02:45 PM
From: Mark Marcellus2 Recommendations  Respond to of 78704
 
it makes me question my religious beliefs/upbringing because I would like to make the case for holding some of these people accountable...by executing them for their misdeeds. Their avarice has hurt, badly hurt, and will hurt, so many, many people.

Paul, it's an understandable sentiment, and these people should definitely be held accountable. But, to be blunt, they had a lot of help. Society as a whole was an enabler of what was going on. There were plenty of alarm bells - look back at what Buffett, Bill Fleckenstein, Jeremy Grantham, James Grant, and many others were writing. While the degree of devastation that would result may not have been obvious to us all, and the timing could certainly not be predicted, the rottenness of the entire system was apparent. From most, especially from those in power, the reactions ranged from a shrug of the shoulders to tortured rationalizations of what was going on.

So, while I strongly support accountability, especially financial accountability, for the malefactors, I think the (understandable) desire for punitive action against the scapegoats is misguided. Our energy is better directed towards figuring out why it happened and how to prevent it from happening again.

The last time around we got the SEC (with teeth) and Glass-Steagall. It took a long time for those safeguards to be unwound. Let's focus on protecting the next generation as well as the victims of the Depression did.



To: Paul Senior who wrote (33691)3/2/2009 10:19:46 PM
From: Madharry  Respond to of 78704
 
If you said you wanted to execute some members of the SEC, bank regulators, and members of congress who oversaw banking and financial institutions, you would get no argument from me. How Dodd, for example, who got advantaged treatment from WM according to reports I have read, is still on the commitee, is beyond me. Worst of all I have yet to hear one word from anyone as to how they are going to change how they regulate hedgefunds, security companies, banks, or even charities which I thought had regulations of their own. No one is asking why non=profits and charities, were permitted to invest in hedgefunds. I dont understand this. I mean ok if you put 4% of your funds into a hedge fund but some of these charities lost 75% and more of their funds as they had so much invested with madoff.



To: Paul Senior who wrote (33691)5/8/2009 7:21:13 PM
From: Ben Wa  Read Replies (1) | Respond to of 78704
 
T.G.I. Friday's: Snake head wasn't cooked
Friday, May 08, 2009 07:13:00 PM

CLIFTON PARK, N.Y.
T.G.I. Friday's says a severed snake head found in a dish of broccoli at one of its upstate New York restaurants was apparently planted in the meal.

Company spokeswoman Amy Freshwater said Friday independent laboratory tests confirmed the snake head was added to cooked broccoli at its Clifton Park restaurant. The Carrollton, Texas, company has asked state police to investigate.

Diner Jack Pendleton of Ballston Lake says he found the snake head on Sunday.

Freshwater says the company doesn't know who put the head in the meal. Pendleton says he didn't.

Pendleton says that after he e-mailed a cell phone photo of the head to his friends, one of them posted it on a consumer complaint Web site. Pendleton has said he has no plans to sue.