The problem with our country summarized

Discussion in 'Free Speech Alley' started by HalloweenRun, Sep 15, 2012.

Page 6 of 11
  1. LSUsupaFan

    LSUsupaFan Founding Member

    Joined:
    Feb 20, 2003
    Messages:
    8,787
    Likes Received:
    1,207
    What is your opinion on the bailouts? Do you think think they were necessary?
     
    LSUsupaFan, Sep 17, 2012
    #51
  2. red55

    red55 curmudgeon Staff Member

    Joined:
    Oct 21, 2002
    Messages:
    45,195
    Likes Received:
    8,736
    Then you are also quite foolish.
     
    red55, Sep 17, 2012
    #52
  3. red55

    red55 curmudgeon Staff Member

    Joined:
    Oct 21, 2002
    Messages:
    45,195
    Likes Received:
    8,736
    We had a long thread on this. I think some action was necessary to protect the national economy, all developed nations took such actions. Businesses run on credit and it had disappeared. But the wall street bailouts were not done properly and I have never supported them. They were an overreaction to the Lehman Brothers bankruptcy fallout and failed to hold the people in charge of the disaster accountable. Worse they permitted the banks to use the money to buy undervalued companies instead of buying up toxic assets and getting them off the books as was intended.
     
    red55, Sep 17, 2012
    #53
  4. martin

    martin Banned Forever

    Joined:
    Oct 20, 2003
    Messages:
    19,026
    Likes Received:
    934
    Supa things would be a lot simpler if you direct questions about red opinions to me.
     
    martin, Sep 17, 2012
    #54
  5. martin

    martin Banned Forever

    Joined:
    Oct 20, 2003
    Messages:
    19,026
    Likes Received:
    934
    Because companies organize their own strategies, red doesn't. If a company wants to have salaries determined by a retard throwing at a dartboard, that ok, it called freedom, boss.
     
    martin, Sep 18, 2012
    #55
  6. Winston1

    Winston1 Founding Member

    Joined:
    Sep 5, 2010
    Messages:
    12,048
    Likes Received:
    7,423
     
    Winston1, Sep 18, 2012
    #56
  7. red55

    red55 curmudgeon Staff Member

    Joined:
    Oct 21, 2002
    Messages:
    45,195
    Likes Received:
    8,736
    But executive compensation is rarely ever a ballot measure. My point is that the system exploits the weak posture of owners in a public company versus a private company. The irresponsible boards take better care of their few ephermeral executives rather than the thousands of perennial owners of the company and far better than they take care of any company employees below executive status.
     
    red55, Sep 18, 2012
    #57
  8. LSUpride123

    LSUpride123 PureBlood

    Joined:
    Oct 20, 2008
    Messages:
    33,702
    Likes Received:
    16,644
    But isn't this up to you to do diligent research before investing?

    Seriously?
     
    LSUpride123, Sep 18, 2012
    #58
  9. red55

    red55 curmudgeon Staff Member

    Joined:
    Oct 21, 2002
    Messages:
    45,195
    Likes Received:
    8,736
    Well, duuuuh! How do you think I have arrived at my conclusions. I have owned and studied a large number of companies and I see how they operate.
     
    red55, Sep 18, 2012
    #59
  10. LSUpride123

    LSUpride123 PureBlood

    Joined:
    Oct 20, 2008
    Messages:
    33,702
    Likes Received:
    16,644
    So why do you care if some companies are ran like shit?
     
    LSUpride123, Sep 18, 2012
    #60
Page 6 of 11

Share This Page