Tuesday, September 16, 2008

witch hunting you game???

THE HUNT IS ON!!!

i follow with sadness the recent health of our global financial situation. in a short span of months, we have witnessed century-old companies going under, banks that were deemed too big to fail desperately seeking capital to survive and blue-chip companies losing more than half their values due to the recent credit mess.

it is disheartening to know that those responsible for all these messes are probably enjoying their past years bonuses watching the sunset sipping their pina coladas in some exotic location while average folks are struggling to keep their homes and life savings. thanks to some one's greed and recklessness, hardworking folks are losing their jobs and maybe even their insurance coverages.

according to an article from bloomberg, thain and montag from merrill may reap payout totaling more than US$47m if they leave or are given lesser roles after the buyout. no wonder we are all in big shit ..........

why is there no accountability? why are we not starting a war to pursue those responsible? are the damages not just as devastating?

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