Kasz216 on 01 February 2009
| akuma587 said: Once again, all of you sound like broken records. Its ludicrous. People always talk so highly about the private sector saying how smart and efficient it is, but when it screws itself over they blame the government? Because of a few policy decisions? That's like blaming the government for putting a no tax weekend on guns for people who are killed as a result of those guns. Sure the government may be somewhat to blame, but you are pointing the finger at the wrong person. There is a difference between allowing something to happen and doing it yourself. It was part of a lot of the independent Wall Street firms' business models to run a 30:1 margin on their assets and liabilities. You guys are blaming the wrong person. Its like blaming a credit card company who gives low interest rates to its clients for those clients racking up huge amounts of debt. I agree that the government should implement a lot more regulations and improve oversight, but why the hell is everyone pointing their fingers at the government rather than the banks who made all these loans? Just because it is easy to blame the government doesn't mean you are blaming the right person. |
No offense.... but after your using stock charts to show that Sony isn't doing that badly...
Your not exactly the first person i'd trust when it comes to economic opinions.
The companies got greedy and made those bad descisions because they've been given an enviroment where they are reinfoced positivly for making them.
If everytime your child did something you didn't want them to you said "Don't do that..." then gave them a piece of candy and 5 dollars.
Is it really the childs fault when it acts up?
A companies job is to maximize profits while mitgating risk. When the government takes on all the risk for you... why wouldn't you make the big play?
