Comments on: Bankers to Blame? http://www.adeoressi.com/2008/12/14/bankers-to-blame/ Entrepreneur, Environmentalist, and Founding Member of TheFunded.com Sat, 21 Aug 2010 17:46:41 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: jimmy http://www.adeoressi.com/2008/12/14/bankers-to-blame/comment-page-1/#comment-1204 jimmy Fri, 18 Sep 2009 04:58:02 +0000 http://www.adeoressi.com/2008/12/14/bankers-to-blame/#comment-1204 Banks are a big part of it. They came up with the programs many people sold jimmy www.agentbuilderinc.com Banks are a big part of it. They came up with the programs many people sold

jimmy
http://www.agentbuilderinc.com

]]> By: Kevin http://www.adeoressi.com/2008/12/14/bankers-to-blame/comment-page-1/#comment-593 Kevin Tue, 16 Dec 2008 23:28:05 +0000 http://www.adeoressi.com/2008/12/14/bankers-to-blame/#comment-593 Gamble much? House Rules, the golden rule are all pretty much the same: He who holds the gold wins, and the managers of the economic system (house) wins more often than not. What that means for everyone is that those who have more will always get more, and the have-less lose until they're have-nots. Is the economic system failing? NO, those who 'ruled' (Executive CEO's & CFO's) have gutted it for everything it's worth, then retired or moved on with platinum & golden parachutes, leaving their successors behind. Enterpreneurs & VC can however take advantage of cracks in the system, or niches yet untapped, and look for new ways to leverage themselves into 'haves'. Bankers and investors however, make change at a slower pace, and will have to reconstruct the twisted damage left by managers of the 'Me Generation'. When the villains of Enron, and WorldCo before them, were allowed to get away with economic ruin, it seems that every executive with criminal DNA took that as an open invitation to rapine greed. If American enterprise (which is the true foundation of our economies) is not completely ruined, or we must endure an even greater Recession, or even Depression, then we will yet survive. Americans as a whole are resilient, and formed of adventurers, pioneers & innovators. We have the right stuff. Now we just have to find a way to arrest the damage (and recover stolen fortunes from criminals where possible), and turn back the tide of destruction. Our very nature will ensure we somehow find our way back to greatness. Gamble much?

House Rules, the golden rule are all pretty much the same: He who holds the gold wins, and the managers of the economic system (house) wins more often than not.

What that means for everyone is that those who have more will always get more, and the have-less lose until they’re have-nots.

Is the economic system failing? NO, those who ‘ruled’ (Executive CEO’s & CFO’s) have gutted it for everything it’s worth, then retired or moved on with platinum & golden parachutes, leaving their successors behind.

Enterpreneurs & VC can however take advantage of cracks in the system, or niches yet untapped, and look for new ways to leverage themselves into ‘haves’.

Bankers and investors however, make change at a slower pace, and will have to reconstruct the twisted damage left by managers of the ‘Me Generation’.

When the villains of Enron, and WorldCo before them, were allowed to get away with economic ruin, it seems that every executive with criminal DNA took that as an open invitation to rapine greed.

If American enterprise (which is the true foundation of our economies) is not completely ruined, or we must endure an even greater Recession, or even Depression, then we will yet survive.

Americans as a whole are resilient, and formed of adventurers, pioneers & innovators. We have the right stuff.

Now we just have to find a way to arrest the damage (and recover stolen fortunes from criminals where possible), and turn back the tide of destruction. Our very nature will ensure we somehow find our way back to greatness.

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