Comments on: "Don't Reward Failure?" Then Fire Those In The SEC & Congress Who Failed To Do Their Jobs

By: Fred Watson

Fred Watson — Thu, 05 Feb 2009 18:20:05 +0000

Don’t get all mad before you put yourself in their shoes. I cannot even imagine making 75000 a year, but a contract is a contract. How can you expect someone who has worked hard all year knowing their real compinsation will come in their bonous then because others have dropped the ball you don’t get paid. Now im sure everyone complaining has given their employer money back when they made a mistake. Another thing to consider is if you have millions in capital available as all these high rollers do you don’t need to put up with a corporation to make 500000 so why not walk and shed yourself of the responsibility of this mess. The government needs to get their spending under control before they can tell everyone else what to do. Why isn’t everyone outraged that congress increased each congresspersons expense account by 75000 and its was already in the hundreds of thousands. LIVE AND LET DIE CORPORATIONS ARE JUST PAPER NOT PEOPLE WE CAN MAKE NEW ONES IN THE STROKE OF A PEN.

By: madattaknas

madattaknas — Thu, 05 Feb 2009 18:07:13 +0000

Amen, Brian!!

By: Adam

Adam — Thu, 05 Feb 2009 17:08:56 +0000

If people are not fired for failure to do their job, or people who defrauded people through deceit are not prosecuted, then what is telling them and others that what they did is illegal ?

And if people don’t think its illegal, why not do it too ?

The woman at the SEC – fire her. Apathy towards her job.
The people selling fraudulent securities – prosecute them.
The people selling loans to unqualified people – prosecute them.
The banks that ignored lending standards – let them go bankrupt and the stigma of
a bank failure be attached to their namees.

By: Randy Cross

Randy Cross — Thu, 05 Feb 2009 15:37:13 +0000

If Obama and the Democrats were really for Change the we could believe In….They would be kickin’ ass and taking names….Where’s the accountability and transparency ???? Until they rid us of these “thieves and liars” they will have zero credibility….,Zero…..

By: Andy K

Andy K — Thu, 05 Feb 2009 13:42:02 +0000

I have said many a time before its in the vote. We need to vote all of them out. There are a few good ones in DC but leave them there long enough and they become crooked or just plain loose touch. And this is not only at the Washington level, it is all the way down to idiotic leaders in small village boards. If the person isnt doing their job VOTE THEM OUT. Quit looking at the high dollar ads and personal attacks and the mud smearing and the and the and the and the and so on. VOTE THEM OUT.

By: Adam

Adam — Thu, 05 Feb 2009 09:55:39 +0000

Someone asked me today why can’t boards of large corporations also be held accountable. Funny thing is they can if they are not bailed out. Which ironically also fixes the whole CEO pay issue to. Bankrupt companies have no money to voer pay CEO’s

By: earle

earle — Thu, 05 Feb 2009 02:08:49 +0000

It was the Bush#43 Administration that pushed for more open(anything goes mentality) housing, not the Clinton Administration,because the Congress was controlled from 1995-2007 by the Republicans! Rep. Barney Frank is perhaps the greatest american alive today,period! Senator Schumer,and Sen.Dodd were responsible for the housing legislations passage on the democratic side. Finally,it was Sec.of Treasury Robert Rubin that got all the garbaged passed under the Clinton Administration. It was Clinton that passed NAFTA/CAFTA in 1993. It was Clinton that weakened/changed the FDIC law in 1993 with Greenspan’s help. It was Clinton that repealed(gutted) the Glass/Steagal Law in 1997. All these laws Clinton de-boned were borne out of the “Great Depression”!It was Clinton that pushed vigorously for more “WTO” members such as China to be recognized! The list goes on ,with enough blame for both side of the aisle,but if you ask me their all the same, just out for their own self-interests,and no party loyalty is of consequences! Thanks Brian, Great Read (:

By: Manny

Manny — Thu, 05 Feb 2009 00:37:06 +0000

You obviously don’t understand how government works. The priorities of government agencies and the people who work for these agencies are set by the executive officer. In the case of federal agencies, it is the president, and for states, it is the governor.

I have worked for a government regulatory agency and how we regulated and who we went after depended on the administration in power. For example, we regulated one way when there was a Republican administration and different way under a Democratic administration.

Firing the workers would be punishing the wrong people. These people were only following directions handed down by the executive office. They would be jeopardizing their careers if they went against the policy set by the executive officer.

In a sense the American people did fire those responsible; they elected a Democratic president and handed congressional power to the Democrats, blaming Republicans for this mess.

By: The Narrator

The Narrator — Thu, 05 Feb 2009 00:15:46 +0000

You are exactly right, Brian. The greed and corruption that infect the board rooms of corporate America also infect the well-heeled offices of our elected (and appointed) government officials. The only real difference is that corrupt corporate America cannot throw you in jail if you don’t obey them. If our elected officials want credibility, they will have to pay for it with prompt, thorough, non-partisan investigations and prosecutions against their own kind.

By: sprytling

sprytling — Wed, 04 Feb 2009 23:03:44 +0000

NO TAXATION WITHOUT REPESENTATION.