Comments on: Bigger Than Enron

By: ThisDarkChestOfWonders

ThisDarkChestOfWonders — Fri, 09 Mar 2012 11:01:00 +0000

Corruption is unavoidable in the monetary system. It promotes competition. Therefore once someone breaks the rules and gets away with it, someone else will mimic the act and so on ad nuasea… The whole system is based on profit and the ones at the top are either the spawn of old lawbreaking psychos, or a new breed all their own. It has nothing to do with political affiliation whatsoever. Both partys are a part of the american government, which borrows most its money from the federal reserve(a private business). So no matter who u vote for corruption is still there, and nothing economically will ever be solved. And the damage is done in the form of the national debt. Realize that if the national debt went to 0 tomorrow, America would have no more money. This is because 97% of the money in our country is debt(not real). The system is set up by bankers (this started a couple thousand years ago and has been perfected at this point) so that everyone everywhere to aquire anything of value (home,car,property) would have to pay interest rates resulting in one rich banker. This includes governments. This would work if we lived on an infinite planet infintely full of resources, which obviously is not the case. So before u follow the mantra “drill baby drill”, which is the funniest thing/scariest thing ever said, realize you are crucifying us all as a species through your ignorance. “liberal propaganda” is a term you must learn is in itself banker propaganda used to devide us, against us. Wake up and see whats going on. Look at your reserve notes (cash money). What is it really? What does it represent? Good luck to you and yours.

By: Clay Dawson

Clay Dawson — Sat, 11 Feb 2012 10:51:00 +0000

Minimally persuasive; minimally accurate. What I can’t stand is when people constantly make unqualified assertions. What reason do you even have to think “the corrupt and bureaucratic people” deserving of blame are different from the most devout capitalists? What reason do you have to think “the people that run this country” are not the most devout capitalists? You make these assumptions; why?

I agree that corruption is a significant problem, but I’m not convinced (especially by your flawed logic) that corruption is mutually exclusive with capitalism. Why? Because I could argue that capitalism has taken on a role outside of economy over the past half century–conflating economic with government (i.e public) interest– resulting in what many call “corruption.”

Also, take some time to actually learn about the men you call your “forefathers” before making any generalizations about them. You’ll probably find that none of them was uneducated, or of particularly average standing as an American citizen.

Personally, yes, I am fearful of having the typical American citizen “run the country” because the typical American citizen has terribly narrow capacities for critical thought and/or empathy, if he or she even has an ethical groundwork that is on his or her own account (i.e. arising from personal conviction rather than coercion). Part of the problem is also that many (not all) of our elected leaders are far from being natural leaders; people who lack the courage to lead and are elected to office will be easily corrupted. On the other hand, this can also discourage many capable people from seeking office.

By: Michael Kinsey

Michael Kinsey — Tue, 07 Feb 2012 00:24:00 +0000

Get a rope

By: Antanas Bumbulis

Antanas Bumbulis — Tue, 01 Nov 2011 20:24:00 +0000

Just like us? Far more educated, to say the least. http://en.wikipedia.org/wiki/Founding_Fathers_of_the_United_States#Occupations_and_finances

By: Anonymous

Anonymous — Sat, 22 Oct 2011 17:59:00 +0000

C’mon people – stop being such gullible SAPS! They teach us from the day we are born to “shut up and obey” – to TRUST ADULTS! We are never to question authority and when we grow-up the lesson is “do as you are told and pay your taxes”. I spent 15 years as a bankruptcy examiner in PA working for people just like these. Nobody is interested in a solution because money is in the hands of the insane. The “monumental screw-ups” are inconsequential when the revenues to “fill the gaps” are UNLIMITED.

By: Anonymous

Anonymous — Sun, 09 Oct 2011 20:28:00 +0000

Whose is that guy at the top of the column ? He looks like Dermot Desmond who is a big time financier here in Ireland so what is he doing at top of this piece ?

By: Brandon Schultz

Brandon Schultz — Sat, 17 Sep 2011 21:15:00 +0000

Dude in the photo looks like an evil John Cleese

By: Travis Bickle

Travis Bickle — Thu, 11 Aug 2011 16:03:00 +0000

I agree 100%. Its a perfect example.

By: Anonymous

Anonymous — Thu, 11 Aug 2011 14:35:00 +0000

Compare your last paragraph to the debt ceiling brouhaha.

By: Travis Bickle

Travis Bickle — Thu, 11 Aug 2011 14:01:00 +0000

Petars comments below sum up our stupidity perfectly.
According to Petar:
“this is bullshit, i believe it but in the end its liberal propaganda.”
So Petar is saying:
1. Its bullshit
2. but yet Petar believes this bullshit
3. But it doesnt matter what bullshit Petar believes because its ‘liberal propaganda’

In one line Petar has summed up the the entire reason we accept corruption and why we always will.
We’re so busy looking left and right to see what the ‘other’ side is doing, we cant see whats right in front of us. As Petar so brilliantly summed it up, we dont even believe the things we know are true.

By: Anonymous

Anonymous — Mon, 08 Aug 2011 10:04:00 +0000

They didn’t.

By: Anonymous

Anonymous — Thu, 28 Jul 2011 19:51:00 +0000

Im not so sure its bigget than enron, but is shocking to say the least!

shows how corrupt the USA is, how can these guys get away with this kind of thing ?

By: Namra

Namra — Thu, 21 Jul 2011 21:44:00 +0000

Your still a little boy Petar. If you don’t know the difference between an argument and an assertion, and a fact and an opinion, then go back to your playpen until you can run with the big dogs.

By: Petar Vitanovich

Petar Vitanovich — Thu, 28 Apr 2011 04:35:00 +0000

this is bullshit, i believe it but in the end its liberal propaganda. people need to realize capitalism is awesome, but corruption ruins it every time. Its the corruption and Bureaucratic people that run this country we should be attacking. Thats why I cant stand when people attack the Tea Party, Why? Are they scared that the citizens of America arent fit to run their country? Who were our forefathers when they started this country? just like like us. Grow up people, MTV and hip Obama will run you into the ground so far we will be trading jewelry for food.

By: Anonymous

Anonymous — Wed, 30 Mar 2011 17:57:00 +0000

Yes it was. Arthur Andersen himself was an honest hardworking man who believed in education for his staff and their families. He instilled the mantra that AA prime responsibility was to investors not their clients’ management. you are speaking of the Bush era conglomerate that swindled to insolvency. AA was the first major accounting firm to recommend stock options be listed on expense reports, disassociated itself from many large client firms after the stock options emergence and was an early voice in raising the sub prime threat at a time when noone was listening. it all went wrong with the wall street boom of the 80′s then the dotcom boom. Their earnings were suffering as a result of these high morals and new quick buck managers played the shareholder value/dividend card to push the dinosaur boardmembers and managers out and replace them with aggressive fast buck profit savvy types. These new types as we now know provided amazing profits year on year and just couldn’t and wouldn’t ever stop making money so the old firms conscience suffocated under the weight of all that money. Then the rot which had set in began to show. You know the rest. They still played the gold standard card even when caught red handed.