Wonky Pundit
USMB's Silent Snowden
- Thread starter
- #101
so then why be so afraid to present your best two examples?? What does your fear tell us about the liberal IQ and character??
Hello: nobody asked me for examples of CEO fraud before now.
But if you want some, here ya go: Enron, WorldCom, and Tyco. And I've got plenty more.
Might help if you read your own post next time before firing it off...
sorry thought you were talking about banking crisis,nevertheless, what is your point?? The free market takes care of fraud and millions of business bankruptcies every day. Do you want a socialist system where the government libturds are policing every business transaction to decide what is fraud and what is merely bad business decision making?? Sorry, but its up to owners customers lenders management to keep things in order and as decentralized as possible so we don't have soviet socialism.
The real key to successful capitalism is better clearer accounting but thats way over a liberals head I'm sure.
Actually, the free market doesn't take care of fraud: the legal system does. Is that a socialist concept? Yes. So far, though, nobody has come up with anything better. I wouldn't want companies to be free to totally ignore the law.