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送交者: kcho1348 2008月10月08日10:25:50 於 [史地人物] 發送悄悄話
回  答: 香椿樹:用數學的方法解決金融危機問題香椿樹 於 2008-10-08 04:55:51
At the present time, crucifying any individual will not make that much of difference to the current situation. I hope those who engaged in criminal conduct will be punished, better sooner than later.

What I am afraid is the criminals will get away with huge amount of taxpayers money, move to some tax heaven, have a good time, laughing at the working stiffs who bail them out with their back breaking hard work, and become CEO of other company in a few years.

In my humble personal opinion, there is a much bigger problem in the financial system. The root cause of all these is uncontrolled greed in all levels, may be fraud? Selfishness to a point of doesn’t care about other people’s suffering, etc….

I am using Mr. Dick Fuld as an example of many CEOs in Wall Street. Is it fair what he makes in one year, I have to work for 5000 years? During a congressional hearing, Dick corrected a congressman that he only made 350million, not 490 million. What difference does it make? It is 490million dollars or 350 million dollars? Apparently, money is what he has in his mind? Is 350 million dollars for salary? Stock options? Bonus? Executive perks? Or his fee to be a board member of other company? How many houses is enough? How many private jets or helicopters is enough? How many vacations in exotic places is enough?

If our founding fathers, George Washington, Thomas Jefferson, and Abraham Lincoln wake up from their graveyards, what would they think? Do they approve the current state of affairs?

If the borrower could not afford a loan, why the financial companies approve the loan? When financial systems all knew these loans will become problem, why credit agency still gives AAA ratings? When investment bankers knew these loans will not be paid, why investment bankers sell them as treasury bills to investors? Why Lehman Brothers leveraged 35 times of their capital?

When average investor lost money in their investment, do they have bailout? When the CEO's of the Wall Street made hundreds of millions on questionable gambles, do they think about what might happen if they lose the gamble? When average person lost their gamble, they bite the bullet; suffer the bitter consequences, why the CEO's of Wall street still make millions of severance package, if they lost their gamble? and asking for bailouts form the taxpayers? Why the government agencies let things get out of hands?

When vast majority of taxpayers against the bailout, why the congress still pass it? Could it be the congressman added 150 billions of so called "sweeteners" in addition to 700 billion dollars bailout? Is government of the people? by the people? for the people? Do you think this is bribery? How much political contribution the congressmen receive from the company operating in American Somoa? The producers of wooden arrows? The run produces in Virgin Islands? The list goes on and on….Where is taxpayers other than election time?

Both John McCain and Obama said they are against earmarks, did they said anything when they voted “yes” to the 850 billion dollar ‘bailout’ bill? Sarah Palin said she refused the ‘pork’ of “bridge to nowhere”, did she? Who can we trust? Where is WMD in Iraq? Did Iraqi citizen welcome U.S. troops with flowers and candy? When Donald Rumsfield said to insurgents “bring them on”, where is Donald? The list also goes on and on……

How come the CEO made hundreds of millions of salary, bonus, stock options, severances package, but, average salary for ordinary folks is only $40,000? Does it justify the difference? Is this a fair and just? Who is bailing out whom? There are hundreds of questions…..

Trust must be built, not demanded. Respect must be earned, not asked. Heart and mind must be winning, not blowing away. People must be taken care of with fairness and justice, not killed, tortured, or ignored. No wonder this is not a peaceful world…..
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