Page 2 of 2 FirstFirst 12
Results 11 to 17 of 17

Thread: Some Banks, Citing Strings, Want to Return Aid

  1. #11
    Sage
    Infinite Chaos's Avatar
    Join Date
    Oct 2007
    Last Seen
    11-19-17 @ 06:45 PM
    Lean
    Undisclosed
    Posts
    14,858

    Re: Some Banks, Citing Strings, Want to Return Aid

    Quote Originally Posted by MrVicchio View Post
    If they do that, then don't patronize their business. Otherwise... you have no say in what they do, and shouldn't care.
    If your taxes are propping up a business that may be up to 80% publicly owned then you have a right.

    I think this and your subsequent posts are confusing private and public sectors.

  2. #12
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 07:46 PM
    Gender
    Lean
    Conservative
    Posts
    39,755

    Re: Some Banks, Citing Strings, Want to Return Aid

    Quote Originally Posted by MrVicchio View Post
    What do you care where they are? Seriously?

    If I owned a business, and laid off 20% of the work force but gave myself a 2.5 million dollar bonus, what say have you in the matter?
    If YOU own a business, you can run it any way you want. However, these CEO's do not own the business. The shareholders do, and they got ripped off by the CEO's, who lived high on the hog on their dime. That's why they bailed. The CEO's ran the businesses into the ground so badly that the stocks began tanking, so the shareholders began leaving. If the businesses accept government money, then you can bet your ass they won't be ripping off the government like they did their former shareholders. That's why the strings - Because the CEO's cannot be trusted to act responsibly. If they don't want the government money because they have to use it in a responsible manner, then screw 'em and let 'em sink.
    Last edited by danarhea; 03-11-09 at 06:39 AM.
    The ghost of Jack Kevorkian for President's Physician: 2016

  3. #13
    Guru

    Join Date
    Mar 2007
    Last Seen
    Today @ 02:10 PM
    Lean
    Undisclosed
    Posts
    4,469

    Re: Some Banks, Citing Strings, Want to Return Aid

    Quote Originally Posted by danarhea View Post
    If YOU own a business, you can run it any way you want. However, these CEO's do not own the business. The shareholders do, and they got ripped off by the CEO's, who lived high on the hog on their dime. That's why they bailed. The CEO's ran the businesses into the ground so badly that the stocks began tanking, so the shareholders began leaving. If the businesses accept government money, then you can bet your ass they won't be ripping off the government like they did their former shareholders. That's why the strings - Because the CEO's cannot be trusted to act responsibly. If they don't want the government money because they have to use it in a responsible manner, then screw 'em and let 'em sink.
    Compensation for CEOs and other officiers are disclosed in the Company reports for public companies. The shareholders are responsible for electing the BOD that makes the decisions about hiring the CEO and other companhy officiers.

    Looks like the shareholders of some companies made poor choices in their BOD. They are free to elect others if they are not happy with any aspect of the operations of the company. They are also free to sell their shares.

    Only a fool would continue to own shares in a company where those running the company are lining their own pockets at the expense of the owners.

  4. #14
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: Some Banks, Citing Strings, Want to Return Aid

    Quote Originally Posted by danarhea View Post
    If YOU own a business, you can run it any way you want. However, these CEO's do not own the business. The shareholders do, and they got ripped off by the CEO's, who lived high on the hog on their dime. That's why they bailed. The CEO's ran the businesses into the ground so badly that the stocks began tanking, so the shareholders began leaving. If the businesses accept government money, then you can bet your ass they won't be ripping off the government like they did their former shareholders. That's why the strings - Because the CEO's cannot be trusted to act responsibly. If they don't want the government money because they have to use it in a responsible manner, then screw 'em and let 'em sink.
    For what it's worth, the vast majority of institutions receiving bailout money did not go to the government and ask for help, but were instead asked by the government to take the money in order to increase confidence in the system.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  5. #15
    Pragmatist
    SouthernDemocrat's Avatar
    Join Date
    Jun 2005
    Location
    KC
    Last Seen
    Today @ 07:23 PM
    Gender
    Lean
    Moderate
    Posts
    17,415

    Re: Some Banks, Citing Strings, Want to Return Aid

    Quote Originally Posted by MrVicchio View Post
    If they do that, then don't patronize their business. Otherwise... you have no say in what they do, and shouldn't care.
    Unless, they are on the taxpayers dime, then we do have a say.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

  6. #16
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: Some Banks, Citing Strings, Want to Return Aid

    Quote Originally Posted by SouthernDemocrat View Post
    Unless, they are on the taxpayers dime, then we do have a say.
    And that socialist mindset is exactly why every business and bank that can, will refuse or give back every penny
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  7. #17
    Sage
    Infinite Chaos's Avatar
    Join Date
    Oct 2007
    Last Seen
    11-19-17 @ 06:45 PM
    Lean
    Undisclosed
    Posts
    14,858

    Re: Some Banks, Citing Strings, Want to Return Aid

    Quote Originally Posted by MrVicchio View Post
    And that socialist mindset is exactly why every business and bank that can, will refuse or give back every penny
    There is no obligation for private industry to take public money - so if they don't need it: all power to them but if they need it and take it then the public owns them and has a right to a say.

Page 2 of 2 FirstFirst 12

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •