On Sun, 21 Sep 2014 13:29:31 -0400, "Jim Wilkins"
wrote:

snip
The hazard of government involvement in business:
http://en.wikipedia.org/wiki/Cr%C3%A...merica_scandal
/snip

While correct, this is only one half the story. What is the
hazard of the government non involvement in business,
particularly when this can occur early enough to avoid
problems requiring taxpayer funded bailouts?

You may find this informative Like the GM ad said "its not
your father's Oldsmobile," and it's not your father's
economy. Some things really are different this time.
http://tinyurl.com/lycxejn



We can never know, but huge sums of money may have been
saved and years of lost economic progress avoided if there
had a procedure in place to monitor the Lehmans, AIGs, GMCs,
and intervene with some sort of conservatorship while there
was still time for corrective action.

IMNSHO we desperately need a "careless and reckless
operation of a business enterprise" analog to the "careless
and reckless operation of a motor vehicle" statute, with
license/charter suspension and revocation. If it works for
the NFL, it would appear that a few 90 day suspensions of
Fuld, Greenberg, Corzine, Cayne, etc. from the team [with
salary/perk-bennie forfeiture] for unsportsmanlike conduct,
delay of game or unnecessary roughness, would have done
wonders in improving their concentration and focus.


--
Unka' George

"Gold is the money of kings,
silver is the money of gentlemen,
barter is the money of peasants,
but debt is the money of slaves"

-Norm Franz, "Money and Wealth in the New Millenium"