re: No End in Sight for ScandalsWhen they are convicted, take them into the street and shoot them like the lame donkeys they are.
These bastards have caused a lot of misery for a lot of people, shamelessly. They are unremorseful and still think they're above it all. A lot of people lost a lot of money, jobs, sense of security, sense of self worth, etc. Lots of peripheral damage you could never calculate, due to the indiscretions of the ebbers', the grubmans', the lays', skillings', fastows' of the world. In the words of good old James Hetfield, I say "Kill 'em All."
They should be given ZERO leniency. In fact, we should make examples of them. But you're gonna see Marth Stewart get away scott free, Dennis Kozlowski and probably 80% of them emerge completely unscathed while the next series of plots are hatched.
re: No End in Sight for ScandalsThe more we read and learn about corporate scandals, it seems ( or should i say that by default) that the big four were in "cahoot" with them.
Who can we trust these days? Looks like we can bundle the auditors with lawyers.
re: No End in Sight for ScandalsWell, I guess we all knew in our hearts that there's one law for the rich, another for the poor (and ethnic minorities, of course).
White collar crime is truly judged in a different light.
Back in the old days, society used to treat some white collar crimes in a Robin Hood sort of way - stealing from the rich was OK. But Ebbers and his sort stole from ordinary folks' 401ks, savings, and pensions.
They are scum - and sadly they're still rich.
Grubman got off with a wrist-slapping. So many others may never even be prosecuted. Maybe Ebbers will be the guy that prosecutors will nail just so they can claim that "justice is being served". In a parallel universe, dude. There's plenty more dirt where that came from.
re: No End in Sight for ScandalsThere will be a few prominant scalps on the wall, but it will ultimately be a diversion from the massive level of unpunished crime that took place. The entire U.S. financial system was corrupted, and it still is. Every time I hear an American lecturing Indonesia about "crony capitalism," China about official bribery and corruption, Latin America about an indifferent elite and Europe about a lack of financial transparency, I laugh a sarcastic little laugh and think to myself, "The best defense is a good offense."
When it comes to corruption, the U.S. is the undisputed world champ.
re: No End in Sight for ScandalsJust curious if any of you who benefitted from the sky high stock prices during the bubble are considering giving back any of your gains?
Some of you must have benefitted from selling your company to CSCO? Cashed out of your options at ridiculous prices?
Why shouldn't you have to disgorge those profits??? How do you sleep at night knowing you profited from this illegal activity?
re: No End in Sight for ScandalsJust curious if any of you who benefitted from the sky high stock prices during the bubble are considering giving back any of your gains?
Some of you must have benefitted from selling your company to CSCO? Cashed out of your options at ridiculous prices?
Why shouldn't you have to disgorge those profits??? How do you sleep at night knowing you profited from this illegal activity? It's not illegal to sell a worthless company to Cisco.
These bastards have caused a lot of misery for a lot of people, shamelessly. They are unremorseful and still think they're above it all. A lot of people lost a lot of money, jobs, sense of security, sense of self worth, etc. Lots of peripheral damage you could never calculate, due to the indiscretions of the ebbers', the grubmans', the lays', skillings', fastows' of the world. In the words of good old James Hetfield, I say "Kill 'em All."
They should be given ZERO leniency. In fact, we should make examples of them. But you're gonna see Marth Stewart get away scott free, Dennis Kozlowski and probably 80% of them emerge completely unscathed while the next series of plots are hatched.