DesideriScuri -> RE: AIG Bits the hand that feeds it. (1/10/2013 7:12:56 AM)
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ORIGINAL: tazzygirl quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: tazzygirl And yet how many were demanding people accept personal responsibility for the mess they found themselves into... including mortgage and being out of work.. as a result of the practices of these corporations? This is why its all so hypocritical. Well, here we're going to have divergent thoughts. The predatory lenders need(ed) to be charged, tried and punished, and those that were the prey need to have some sort of punishment for their choices, but that punishment also needs to take into account the illegal activities of the lenders. There has to be some sort of understanding that when you sign a contract, you have to abide by the stipulations set out in that contract, and, you have to have some sort of clue whether or not you can satisfy your end of the deal. Even with the illegal activities of the lenders, at some point in time, you have to be held at least somewhat accountable for your choices. All that means is that, in the cases of predatory lending, the prey needs to understand what they did was wrong, have some sort of wrist slap for it, and then the brunt of the punishment be meted out on those lenders. In cases where it wasn't predatory lending, the lenders need to suffer the consequences of the loan being written, and the borrowers need to suffer the consequences of their acceptance of the loans. And yet some were deliberately lied too. Its an older thread, but I posted about that a while back. People were asking, and they were lied too. I know some were lied to. And, the liars need harsher punishment, and those that bought the lies need lighter sentences (note the "smack on the wrist" highlighted above) quote:
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Since none of the Corporations owe anyone a job, in good times or in bad, I have a far less supportive viewpoint of the unemployed due to the stupid actions of the Corporations. Think about it this way, if you were a CPA at Bear Stearns, AIG, Lehman, Countrywide, etc., even if those companies go under, wouldn't you have the opportunity to be snatched up by one of their competitors, provided you were competent enough at your job? Just because one company goes under in a particular market or sector doesn't necessarily mean that sector or in that market, there will be nothing. This is akin to my biggest complaint of OWS'ers. Simply graduating with some degree does not guarantee you a job. Congrats. You graduated. Why should you be hired, other than meeting the qualifications of the position? No one said they owed anyone a job. You are sorta stuck on that mantra. Im not talking about specifics. Im not debating who has the best skills, who will be immediately snatched up. I am speaking of the corporations lack of fiscal responsibility.. Mass layoffs have a trickle down effect... perhaps the only trickle down proven that works. How do you solve that, though? By not bailing them out? Absolutely, IMO. That sucks for those at the end of the trickle, but that's life. Government shouldn't be going along and making it worse by allowing the fiscally irresponsible Corporations to continue on with their businesses. It's almost like rewarding their bad behavior. quote:
Someone... I think it was willbe... used to toss out the stats on small businesses. They do the majority of hiring and firing. But they are extremely dependent on the local market. Loss of jobs in a local market will lead to small businesses closing as money taps out or people move away. Yes, its the natural order of things. Its just the hypocrisy of many who told college students to be more responsible about their loans.... homeowners to be more responsible for their mortages and credit cards... welfare recipients to be more responsible and shop more wisely... We have become a country that believes you only DESERVE help if you are rich. Your last statement is wrong. We are becoming a nation that believes we deserve everything.
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