free4now
Thinks s/he gets paid by the post
- Joined
- Dec 28, 2005
- Messages
- 1,228
I never understood how people could say this was a result of greed. To me, this was a case of everyone doing their best jobs to play their part in the system: get themselves rewarded for making money for shareholders. The problem was the system itself: too much incentive to play loose and fast, not enough incentive to do the responsible things (like not writing insurance you can't cover).
Long term we've got to transform the market to enforce responsibility, through regulation or whatever means are necessary. Having faith in corporations and their employees to act responsibly, and then getting surprised when they act greedy, is not going to prevent these problems in the future.
Long term we've got to transform the market to enforce responsibility, through regulation or whatever means are necessary. Having faith in corporations and their employees to act responsibly, and then getting surprised when they act greedy, is not going to prevent these problems in the future.