Paulson, Bernanke, and, yeah, Greenspan sat at the top and presided over

Skidmore

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:21 AM
Original message

Paulson, Bernanke, and, yeah, Greenspan sat at the top and presided over

this financial mess without one whimper of anything being wrong with the way America was conducting business. Not one whimper beyond an occasional "slowdown in the economy" and reduction in the interest rate to prevent inflation. Not one of them took the lenders to task over their practices. Not one. Not one whimper....not one. Then. KABOOOM!

These people should be imprisoned for fraud.

Printer Friendly | Permalink | | Top

Cessna Invesco Palin

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:22 AM
Response to Original message

1. You can't imprison people just for being greedy and stupid.

We'd all be in a lot of trouble if you could.

Printer Friendly | Permalink | | Top

mediaman007

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:24 AM
Response to Reply #1

2. How about theft?

It seems pretty clear to me that the bonuses and big salaries had to be some else's money.

Printer Friendly | Permalink | | Top

Cessna Invesco Palin

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:32 AM
Response to Reply #2

3. The fed and the treasury aren't responsible for excessive pay. n/t

Printer Friendly | Permalink | | Top

mediaman007

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:37 AM
Response to Reply #3

5. Well then, lets try obstruction of justice!

Its the coverup.

Printer Friendly | Permalink | | Top

Marsala

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 07:43 AM
Response to Reply #2

8. Sports players and movie stars have similar salaries

Due to the immense size of our society, it's only natural for individuals who wield a lot of power to make enormous amounts of money, even when they totally screw up. It's the responsibility of boards of directors to keep CEOs properly accountable to the shareholders.

If life were fair, no one would make that kind of dough, but if life were fair, we'd all be Communists. Or Libertarians.

Printer Friendly | Permalink | | Top

lynnertic

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 06:34 AM
Response to Original message

4. that's not really true. I remember whimpers out of Greenspan

but he was each time shouted down by the * admin and associated sycophants.

Printer Friendly | Permalink | | Top

AndyA

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 07:00 AM
Response to Original message

6. At the very least, the people who either allowed this to happen or didn't see it coming

should not be trusted to oversee the recovery. Paulson and Bernanke should step down, and be forbidden from ever working in the financial sector again. They should be held accountable for failure to do their jobs properly, and for not taking steps to prevent this from happening.

Printer Friendly | Permalink | | Top

Marsala

(1000+ posts) Send PM | Profile | Ignore

Wed Sep-24-08 07:39 AM
Response to Reply #6

7. By the time Paulson and Bernanke were in power, it was mostly too late

Honestly, they deserve credit for keeping the whole system running for so long despite this enormous crisis without any dreadful side effects or drastic actions until now. Greenspan, OTOH, is more personally responsible than any other man in the world.

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Sun May 05th 2024, 11:46 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.