China Executes - We Give Bonuses!

[Joanne98]

Run time: 03:09 https://www.youtube.com/watch?v=ZxqCiULRr9c   Posted on YouTube: November 25, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: November 25, 2009 By DU Member: Joanne98 Views on DU: 849

 

[bejamin wood]

1. I have to disagree with the message

They did not ruin our country, but allowing this behavior to persist could lead to a lot of trouble. No, capital punishment is not a good idea. However, the bankruptcy structure should include senior management portfolios to be distrubuted to note holders, then preferred stocks, then lowly commons.

On edit: I still rec'd the video!

[yurbud]

2. We executed Tim McVeigh, We will execute KSM, wouldn't be unfair to those two if we didn't even try

the economic terrorists?

[bejamin wood]

3. I agree somewhat

But executing people who commited premeditated murder alongside those who commit ethics violations is dangerous.

I think we need some major changes in how the SEC opperates and the laws that allow corporations to exist, but this looks like a moral and ethical failure that can be corrected over time with the proper incentives. However, I'm a little timid when the discussion turns to a litmus test for execution. McVeigh had a different agenda than say, Bernard Maoff or Martha Stewart. Both acted wrongly at different levels, but neither had premeditated murder on the mind.

I'm for liquidating the holdings of senior management and possible jail time/fines/etc. if a crime was committed. There were some easy to read signs for these companies. Beleive me, the losses reported is only half the story. There were another group who profited nearly penny-for-penny as the stock bottomed. The short interest and put options placed were intristically inverse of the price decline or in other words, the billions in capital was exchanged from long positions to short positions. The money did not dissapear, it was converted.

[yurbud]

7. ethics violations makes it sound like they borrowed someone's pen without permission

It is more like premeditated murder of our economy, so they could make a killing selling America short.

[NewJeffCT]

4. China has been executing people for corruption for 5,000 years

and their country is still rampant with it. It's not a deterrent.

That said, a bunch of wall streeters should at least be in jail.

[lib_wit_it]

5. That's extreme, but at least take away all their ill-gotten gains, and let them sit in a REAL prison

for a couple of years. No country club suites.

[JDPriestly]

6. Those who stole from Americans should be charged with white collar

crimes. We are a nation of laws, and under our laws, white collar crimes are not punished by the death penalty. (Thank God.) The Chinese who were executed under the facts in this video had killed 6 people. I oppose the death penalty in general, but I deplore the idea of the death penalty for white collar or economic crimes. I agree that we should punish those who ruined our economy. I am surprised that someone hasn't thought of a way to sue for serious damages against some of the brokers of some of these big firms who advised clients to buy stocks (or who invested in stocks on behalf of their clients) while their firms were in another department of the firm, investing heavily and speculating heavily against the very investments that the broker was advising the client. Surprises me that some of this fraud is not somehow being prosecuted.

We need to open our courts to claims against banks that dissipate the savings of customers as well as against brokerage houses that invest against their clients.