It's your damn fault, Market Traders, and Greedy C.E.O.'s.

Quote: Originally Posted by TenPenny

Well now, the best part is that our delightful greenies have decided that the way to save the earth is to establish some carbon trading scheme, which will be run in short order by the same traders who have made investment banking so successful.

Quote: Originally Posted by Sublime

It's your damn fault why are markets are so dam poor, you trade our jobs away to other country's for cheap labour and we lose jobs.

And Company's Executives bank the saving and don't pump any of those savings back into our economy.

DAM YOU BASTRDS!

Quote: Originally Posted by darkbeaver

It'll never be different untill the capitalists are all gone.

Quote: Originally Posted by johnnyhangover

As for CEO's, well, their job is to maximize profits, that's it. If you don't like that, as I don't, then you have a problem with the laws of incorporation. Any behaviour that goes against profit maximization puts them on the wrong side of the law.

A business that makes nothing but money is a poor business.

Quote: Originally Posted by johnnyhangover

Nope. Completely wrong. It will be made up of companies that have or require carbon credits.

Quote: Originally Posted by wulfie68

Its not quite that cut and dry. There is a chain of command so to speak

Investors --> Board of Directors --> CEO --> other execs and exmployees

As an investor (which I am) I want profit but I can, through the board, put limits on how I want that profitibility achieved.

I actually admire Henry Ford's outlook:





Those statements, in my mind show, how skewed our current economic system has become. I am definately not a socialist (I think collectivism discourages innovation and hard work), but I do think something is wrong with the way our system is working. To use an example, the bonuses paid to execs in companies like AIG in the US when the companies are underperforming due to the decisions the execs made. There was an excuse made that paying those bonuses was necessary to keep execs working for AIG, but IMO, it was their incompetance that put the company in jeopardy, so if they all quit, then good riddance. AIG is an extreme example but I've seen the same thing in the private sector in Canada.

I think the real issue is investors need to start exerting their authority over the board and the execs more, but a) they have to accept that limiting profits to build communities is in their best interest and b) they have to find a way to make their priorities known in a world where pension funds and large investors are the ones with the most control, thus the most say in how things are run.

Paulson was the designated leader of the Bush Administration's efforts in 2008 to nationalize the cost of bad loans made by financial institutions.
Through unprecedented intervention by the U.S. Treasury, Paulson led government efforts which he said were aimed at avoiding a severe economic slowdown. He pushed through the conservatorship of government agency mortgage giants Fannie Mae and Freddie Mac. Working with Federal Reserve Chairman Ben Bernanke, he influenced the decision to create a credit facility (bridge loan & warrants) of US$85 billion to American International Group so it would avoid filing bankruptcy.
In late September 2008, Paulson, along with Federal Reserve Chairman Ben Bernanke, led the effort to help financial firms by agreeing to use US$700 billion dollars to purchase bad debt they had incurred.[23] He faced criticism from economists for initially refusing to consider injecting large amounts of cash into financial institutions directly by purchasing stock, an option which other countries in similar circumstances have pursued.[24] This was the option favored by Federal Reserve Chairman Bernanke, and the one that was eventually followed. [25]
On September 19, 2008, Paulson called for the U.S. government to use hundreds of billions of Treasury dollars to help financial firms clean up nonperforming mortgages threatening the liquidity of those firms.[26] Because of his leadership and public appearances on this issue,...

Quote has been trimmed

Quote: Originally Posted by Sublime

Farm/Labour something other than the usual crud i'v bean doing.

Quote: Originally Posted by Sublime

Farm/Labour something other than the usual crud i'v bean doing.

Quote: Originally Posted by L Gilbert

Then we can have the Union of Soviet Socialist Canada. Awesome! I can hardly wait till we find our own Stalin. What was the count? 20 million? 30 million dead under him?