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To: FromLori
Someone may need to correct if I am wrong here, but it seems to me as the basic tenants of capitalism have been breached here.
When an individual or group thereof embarks on an adventure to create a company of any kind the do so at their own risk. Therefore when they engage in risky business practices that will lead to their downfall, they should be the only ones to pay for those mistakes (this included those individuals who invested with them whether they chose to research said companies practices or not. It was a personal decision).j
When a company or corporation fails, it is not the fault of those who did not participate in their fallacy. Why are we being punished for their wrongdoing?
Yet these crooked individuals will demand we give them unearned cash by using the feds as a weapon of extortion, and they also turn around and share this stolen money with their accomplices in the form of large bonuses and special payment to certain friendly business acquaintances.
I do not have a problem with individuals receiving large bonuses for a job well done so long as it is not with my tax dollars. That money belongs to me and there should have been strict guidelines as to how it was spent.
Many of us have had to take cuts in pay or lose our jobs with no bailout from the very servants we hired, and the truth is many of us have too much honor to do so.
This is why in capitalism businesses fall because they fail, and when they do a more honest man or woman can take their place.
I'm not very business savvy so please be gentle with you flames. Just attempting to insert a little common sense. No one is too big to fall. Better people are always willing to take their place.
17 posted on 11/25/2009 3:44:27 PM PST by formosa (Formosa)
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To: formosa

Very well stated formosa. The diffence between capitalism and socialism, the individual and the state, the producer and the parasite.


19 posted on 11/25/2009 6:13:02 PM PST by PGalt
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