na
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Assault On Ex-bank CEO

Wed Mar 25, 2009 12:35 pm

If the crisis lasts longer´, I´m sure this won´t be the last attack on one of the men responsible for it due to grave negligence and greed.
Unknown frustrated people have vandalised the Mercedes S-Class and the villa of the former CEO of the highly indebted Bank of Scotland "Sir" Fred Godwin in Edinburgh, who is living the high life with a sky-high pension while his former clients suffer.

I´m not surprised.

The government wants to lower his high pension, which is good news. Someone with such a high responsibility must suffer. I´m not talking about the assault here, but to cut his pension of 760.000 Euros by half or more would certainly be justified. That should be done everywhere with such men.

Source: Yahoo Germany
 
ohthedrama747
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RE: Assault On Ex-bank CEO

Wed Mar 25, 2009 5:55 pm

Heard about it this morning. Excellent news. I think you're right about the others, I'm pretty sure a lot of people would liked to have met Bernie Madoff down an alleyway.

G
 
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WarRI1
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RE: Assault On Ex-bank CEO

Wed Mar 25, 2009 6:15 pm

Who said it many years ago,"Let them eat cake" History repeating itself once again? What did they expect? They deserve it once again. We have had enough.
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na
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RE: Assault On Ex-bank CEO

Wed Mar 25, 2009 10:09 pm



Quoting Ohthedrama747 (Reply 1):
I'm pretty sure a lot of people would liked to have met Bernie Madoff down an alleyway.

Sure, but to know that he´ll never leave prison (alive) is much better than any act of lynching.

Quoting WarRI1 (Reply 2):
Who said it many years ago,"Let them eat cake"

The last Queen of France.
 
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WarRI1
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RE: Assault On Ex-bank CEO

Thu Mar 26, 2009 1:53 am



Quoting Na (Reply 3):
Quoting WarRI1 (Reply 2):
Who said it many years ago,"Let them eat cake"

The last Queen of France.

I think there is a mesage there, the "last" Queen of France. I hope they get the message, our new Greedy Rich Royalty.
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DfwRevolution
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RE: Assault On Ex-bank CEO

Thu Mar 26, 2009 2:55 am



Quoting WarRI1 (Reply 2):
Who said it many years ago,"Let them eat cake" History repeating itself once again? What did they expect? They deserve it once again. We have had enough.

So you advocate a majority lynching a minority? The antithesis of a civilized society.

Quoting WarRI1 (Reply 4):
I hope they get the message, our new Greedy Rich Royalty.

You're willing to couch the executives who managed these banks as greedy and rich. What do you label the "everday people" who leveraged far more debt than they could afford to enjoy a get-rich-quick lifestyle? That sounds a lot like greed to me, but I expect you will say they are innocent bystanders, no doubt.
 
MD11Engineer
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RE: Assault On Ex-bank CEO

Thu Mar 26, 2009 4:03 am



Quoting Na (Reply 3):
Quoting WarRI1 (Reply 2):
Who said it many years ago,"Let them eat cake"

The last Queen of France.

Actually not. She wasalready hated at the French court and in public for being a foreigner (Austrian) and being originally something like an 18th century Paris Hilton, but AFAIK, this quote was invented and published by the French radical revolutionary philosopher Rousseau in a successfull attempt to discredit the French royals.

Quote:
Others have suggested that these words were never even spoken, but rather, written. In his 12-volume autobiographical work Confessions, Jean-Jacques Rousseau stated the following in Book 6:

"At length I recollected the thoughtless saying of a great princess, who, on being informed that the country people had no bread, replied, "Then let them eat pastry!"

Marie Antoinette arrived at Versailles from Austria in 1770, three years after Rousseau had written the passage above. Whoever the "great princess" was, it is certain that it was not Marie Antoinette.[6]

From: http://en.wikipedia.org/wiki/Let_them_eat_cake

(I know that Wikipedia is not that reliable, but I've read this on other sources as well, Wikipedia was just the easiest one to find again).

Jan
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na
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RE: Assault On Ex-bank CEO

Thu Mar 26, 2009 10:44 am



Quoting MD11Engineer (Reply 6):
(I know that Wikipedia is not that reliable, but I've read this on other sources as well, Wikipedia was just the easiest one to find again).

Recent investigations have shown, that while not reliable here and there, in general wikipedia is more reliable and has more in-depth info than any other encycopedia on this planet.

As to the quote attributed to Marie Antoinette, true or false, its a perfect example for how removed from the people Royalty was, and some of the current Elite still is.
What is the difference between "Let them eat cake" and taking high bonusses these days? Actually I find the behavior of some managers today worse. Imho hundreds of banking managers and top controllers should be imprisoned for grave negligence in the extreme, ruining millions of people, more than in pre-revolutionary France btw.. If that isnt punished, I´m sure people with a dubious meaning of justice will take the law in their own hands. Watch out!
 
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WarRI1
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RE: Assault On Ex-bank CEO

Thu Mar 26, 2009 3:29 pm



Quoting DfwRevolution (Reply 5):
So you advocate a majority lynching a minority? The antithesis of a civilized society.

I do not advocate such behavior. I should have made that clear, the Modern day Robber Barons are causing unrest with their greed, and they deserve the scorn they are getting. A little unrest in France just yesterday. Evidently the people are not happy.

Quoting DfwRevolution (Reply 5):
You're willing to couch the executives who managed these banks as greedy and rich. What do you label the "everday people" who leveraged far more debt than they could afford to enjoy a get-rich-quick lifestyle? That sounds a lot like greed to me, but I expect you will say they are innocent bystanders, no doubt.

The bankers and Wall Street certainly carry most of the blame, after all, who indoctrinated us with these spending habits, it was a constant barrage, the government did not help either. blame all around, especially by those who knew better.
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sv7887
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RE: Assault On Ex-bank CEO

Thu Mar 26, 2009 4:53 pm



Quoting WarRI1 (Reply 8):

Quoting DfwRevolution (Reply 5):
You're willing to couch the executives who managed these banks as greedy and rich. What do you label the "everday people" who leveraged far more debt than they could afford to enjoy a get-rich-quick lifestyle? That sounds a lot like greed to me, but I expect you will say they are innocent bystanders, no doubt.

The bankers and Wall Street certainly carry most of the blame, after all, who indoctrinated us with these spending habits, it was a constant barrage, the government did not help either. blame all around, especially by those who knew better.

Are you kidding me? How exactly did they "indoctrinate" us with these spending habits? Even the government is begging us to spend money to sustain an economy that is highly dependent on rampant consumer spending...

People have to use their brain, but they didn't want to. It's part of the American, "Gotta have it now!" mentality without any regard towards the future consequences...It's like blaming the car salesman for selling you an expensive car you couldn't afford.

No one put a gun to the head of Americans and said, "Spend beyond your means, buy the SUV, buy the McMansion, buy the $100 Abercrombie clothes, the $1,000 Louis Vuitton purses"

I saw some story about a yuppie idiot in the Boston Globe complaining how his daughter feels let down he can't take her out to girls night out at $300 a night hotels and shopping malls.

As per the original post, the politicians are formenting this mob mentality to get whatever anti-business legislation they want passed into law. Suddenly it's becoming a crime to be "rich" in this country...

Most of my friends are making the same complaints. They spent like hell during the good times and have little to sustain themselves in the bad times. Lucky for me my parents drilled being thrifty into my head, so I never did anything too stupid.
 
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WarRI1
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RE: Assault On Ex-bank CEO

Fri Mar 27, 2009 3:30 am



Quoting Sv7887 (Reply 9):
Are you kidding me? How exactly did they "indoctrinate" us with these spending habits? Even the government is begging us to spend money to sustain an economy that is highly dependent on rampant consumer spending...

I would say, if you watch any advertising, you will have the answer. A constant stream from Wall Street, banks, government, you name them, spend, spend, spend. Borrow, borrow, well we did.
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LHMark
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RE: Assault On Ex-bank CEO

Fri Mar 27, 2009 12:43 pm



Quoting DfwRevolution (Reply 5):
You're willing to couch the executives who managed these banks as greedy and rich. What do you label the "everday people" who leveraged far more debt than they could afford to enjoy a get-rich-quick lifestyle? That sounds a lot like greed to me, but I expect you will say they are innocent bystanders, no doubt.

And what do you label those who didn't overextend, lived within their means, and are STILL stuck footing the bill for what these assholes did? There's a lot of us.
"Sympathy is something that shouldn't be bestowed on the Yankees. Apparently it angers them." - Bob Feller
 
JBirdAV8r
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RE: Assault On Ex-bank CEO

Fri Mar 27, 2009 12:52 pm



Quoting WarRI1 (Reply 2):
Who said it many years ago,"Let them eat cake" History repeating itself once again? What did they expect? They deserve it once again. We have had enough.



Quoting Ohthedrama747 (Reply 1):
Heard about it this morning. Excellent news.

Does anyone else see the extreme irony that such vocal opponents of, say, the war in Iraq are supporting this gratuitous violence and think it should happen more?
I got my head checked--by a jumbo jet
 
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WarRI1
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RE: Assault On Ex-bank CEO

Sat Mar 28, 2009 3:05 am



Quoting JBirdAV8r (Reply 12):
Does anyone else see the extreme irony that such vocal opponents of, say, the war in Iraq are supporting this gratuitous violence and think it should happen more?

I for one, am not saying it should happen more, I am saying, it will happen more, and they will have nobody to blame but themselves. I am also, not a vocal opponent of the Iraq War.
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ArmitageShanks
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RE: Assault On Ex-bank CEO

Sat Mar 28, 2009 3:12 am



Quoting WarRI1 (Reply 2):
"Let them eat cake"

Who bakes a cake and doesn't eat it? That's just a silly thing to do.
 
ltbewr
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RE: Assault On Ex-bank CEO

Sat Mar 28, 2009 3:16 am

Perhaps what would help is the use of existing laws to bring criminal charges against the business leaders and inviduals that caused the faudulent and abuse of fiduciary trust deals that have brought the economy of the world to it's knees. Having such persons face jail like Bernie Madoff now does may help to pacifiy some potential terror like attacks against such persons as in the article.
 
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WarRI1
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RE: Assault On Ex-bank CEO

Sat Mar 28, 2009 3:33 am



Quoting LTBEWR (Reply 15):
Perhaps what would help is the use of existing laws to bring criminal charges against the business leaders and inviduals that caused the faudulent and abuse of fiduciary trust deals that have brought the economy of the world to it's knees. Having such persons face jail like Bernie Madoff now does may help to pacifiy some potential terror like attacks against such persons as in the article.

I agree, Justice is what will do the job of calming the water, so far, it has been sorely lacking for these people who caused the problem for us all. They have skipped off so far with millions.
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WarRI1
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RE: Assault On Ex-bank CEO

Sat Mar 28, 2009 3:36 am



Quoting ArmitageShanks (Reply 14):
Who bakes a cake and doesn't eat it? That's just a silly thing to do.

One has to say that the French Royalty baked the cake and were forced to eat it. When you look back, it was a silly and deadly thing to do.
It is better to die on your feet, than live on your knees.

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