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.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (92037)	6/30/2012 3:57:53 AM
From: Maurice Winn	2 Recommendations Respond to of 218916

Haim, the J P Morgan shareholders are in charge of the company and can tell the managers to do anything that's legal. If management robbed the shareholders, then the shareholders were not managing the managers correctly. In some countries there are offences such as "Theft as a servant", so any criminals can be prosecuted and punished. There is a general "Somebody done something wrong" attitude but apart from the likes of Bernie Madoff, in civilized society, we like to see habeas corpus [which is different from have corpses], due process, actual laws that make sense and then and only then some punishment and compensation. Ranting about Jamie Dimon and Bob Diamond and so on is all very well, and no doubt people have great envy [a common human vice which causes the sufferer to gnash their teeth and foam at the mouth], but while the "Banksters" might not have managed money well, and hoped for and depended on government bailouts and succeeded in getting them, as do legions of bludgers on the taxpayer and citizens money and assets, that's not actually evil-doing. I accept free roads, schools and whatever the government hands out. I vote against it, but the tragedy of the commons, which is the current state of democracy, means one has to get one's share or miss out entirely. Germany does seem to be lining up to instil some "discipline" which might or might not include your desired machine guns for recalcitrants. I'm with you that bludgers are a blot on the landscape, but I see persuasion and democratic processes as a better solution than the final solution of machine guns. Especially if the democratic process can be converted to a Tradable Citizenship method which will really get the incentives going in the right direction - not perfect, but far better than today's citizen serf chattel kleptocratic self-dealing processes. Mqurice