|A lot of these problems now occuring with the global financial and economic system is in part due to too many (affluent) people placing greed and the never ending thirst for fatter profits over prudent investing and regulated and steady asset and profit building. The worst now is that us, as in the humbled taxpayers are now going to pay not just with money in order to bail out these scum but many may also indirectly lose their job/life savings and what happens, how do we fix it? Just pump more money into these areas...and what do you think will happen?
Not sure if anyone heard about how much money Richard Fuld (head of the firm) took home from the now failed Lehman Brothers investment firm over the last 8 years? $300m USD since 2000!!! Believe it or not he admitted that during the time he was pleading with congress and the federal treasury for a bail out he also requested another multi-million bonus!
Not sure about you guys but to be honest this stuff makes me incredibly angry and sick...these pr(cks take home more money in one bonus than the majority of the world's workers take home in a lifetime of hard work and yet the state generally on the whole leaves them alone, if not encourages them to speculate more investments, etc.
Capitalism hey, what a disgusting, disgraceful part of human history...oh how I would love for real socialism/communism to take a firm hold in Australia and around the world. You never know, we might actually then start addressing some real issues such as climate change, global poverty and hunger, gender inbalance in the workforce (and pay), universal healthcare and education.
One can dream during this fast turning financial nightmare.