Re:WaMu Fails. First major comercial bank to go.
by jm4 on Friday September 26, 2008 @09:55AM
(#316041)
In China these people would be executed. If I remember correctly that's what happened to the CEO of the company that made all that bad pet food. I'm not saying we need to gather a lynch mob or anything, but we certainly need some kind of balance between that and the fake outrage we have in this country. I don't think jail time would be unreasonable for executives that, through gross negligence, run economy-critical businesses into the ground.
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Re:WaMu Fails. First major comercial bank to go.
by icey on Friday September 26, 2008 @12:00PM
(#316187)
I think it's fairly telling about how bad our situation is when we start comparing our options versus what the Chinese would do... and we use the Chinese option as the POSITIVE side of the argument.
Re:WaMu Fails. First major comercial bank to go.
by robak on Friday September 26, 2008 @04:33PM
(#316468)
You should have start doing long time ago... savings (China) vs. "deficits don't matter" (USA), being the biggest creditor in the world (China) vs. being the most indebted nation to foreigners in the history of the man-kind (USA)... production and underconsumption (China) vs. spending on credit and overconsumption (USA).
Your situation is bad exactly because you are not paying attention to this how to build an empire (China) vs. collapse one (USA).