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Politics : BuSab -- Ignore unavailable to you. Want to Upgrade?


To: Alan Smithee who wrote (2339)10/22/2009 9:39:50 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 23934
 
and I think it is a pretty effective way to kill the financial industry altogether.

Where the execs are getting all the blame, there is a lot of culpability in Washington DC. The repeal of glass-steagall and then the "nudging" to give home loans to people who quite simply shouldn't have been given a loan were big contributors.

If the financial industry execs have to take a pay cut, then so should the idiots in DC who facilitated the bad behavior.

But then it boils down to this, how do we expect to entice talent to the industry if they know that the federal government can step in and take their pay.

when you consider the way in which contract law was completed discarded with the auto industry secured investors, why would anyone trust a contract with the federal government?



To: Alan Smithee who wrote (2339)10/22/2009 10:41:56 PM
From: SmoothSail  Read Replies (1) | Respond to of 23934
 
O'Reilly just doesn't get it but he's too arrogant to admit it.

Yes arrogance, but I think it goes beyond arrogance. He's looking at the ratings and saying to himself, "Boy am I good. Nothing can stop me now." Hubris creeps in.

I also think it's ego and a sense of unlimited power. He's grabbed the moment by the ass and it's his.

History is littered with little men who grew beyond their capacities.

"Power corrupts; absolute power corrupts absolutely."