Institutional greed is seriously problematic for our economy! We are bailing out institutional greed! It could have been prevented, through government regulation!
When did this happen before? 1929!!!
We need to insist that our govt establishes better regulations, which allow us to see inside! Disclosure, transparency...
And please! Don't just dismantle this regulation when it seems safe to do so. Human nature is human nature and greed is always there, under the surface!
Ask each candidate, senator, congressman, "What are you going to do so this doesn't happen again?" And vote based on the issues and the candidates' policies. Not on whether you LIKE the person, or have a gut sense of confidence in him or her.
Govt bail outs! Why is this okay, but paying taxes to help the poor is distasteful, is disagreeable, is stupid...
I am perplexed!
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I agree. I think what it comes down to is the (myth of) the American Dream. Americans are less likely to think poorly of the overprivileged, white CEO than the welfare recipient, because accurate or not, that CEO represents the American Dream. He or she worked hard and is now raking in the dough. Since most Americans hope to someday see that future for themselves or their children, they feel more sympathetic to that person, and think that that person deserves to earn the money they have worked for. Whether or not that CEO had a leg up above everyone else from day 1 is a nonissue, and whether that person's life is actually concievably in someone's future or someone's child's future is a nonissue, and whether that person's actions ahve hurt someone seems to be a nonissue, and whether that person is a dishonest, scheming, greedy moneygrabber is also a nonissue because it is all about the image: the image of the suited man heading off to work, to earn his own American dream. to paint that image black is to damage the dream that Americans keep inside for themselves and posterity.
It's all about the image and that is where the "difference" lies.
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