SI
SI
discoversearch

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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (465418)3/20/2009 8:51:18 PM
From: SilentZ  Read Replies (1) | Respond to of 1574658
 
>You're coming to some conclusions that I am not sure are valid. First, in a capitalist society, making money is the prime objective. The two seem to go part and parcel. To suggest there are people in the private sector who would make that a secondary or tertiary goal is a bit naive IMO.

Exactly. Which is why I'm advocating using some people from the public sector.

>Secondly, the vast majority of the people at AIG were simply doing their jobs. I am sure some questioned the quality of the financial instruments they were creating but I suspect most did not know and had no clue they were unleashing a nightmare on an unsuspecting world. And while I don't particularly like that they were to get bonuses.....it was a contractual obligation made to these employees prior to the bailouts. They needed to be honored. Having said that, its good to see that some of them are returning all or part of their bonuses.

If they were involved and didn't see any of this coming, they were blind. The signs were there.

>BTW I once worked for a company where the principals were less than honest. At one point, they tried to get me to do something that I thought was unethical. I refused but I also happened to have $50K in the bank. My point is that its hard to buck the system when you have nothing backing you up and you have people depending on you for their survival. Its that whole walking is someone else's shoes thing.

These people have been making millions!

-Z