corperate greed - ...look at the US stock market!

[ID2002]

For all those who say Capitalism, and free enterprise is a positive force... you MUST BE crazy. In the last months we have seen so many corperations being singled out as committing FRAUD...insider trading....payoff...etc. All this for the BIG US $. So much money is wasted because these rich bastards are taking it for themselves, and giving none of it back to the people who need it the most (the poor). George W. Bush may stand and condemn those corperations, but he himself is directly linked to the scandel as well.
People are loosing faith in the stock market, and are turning away. In general people all around the world are starting to think differantly about investing in America. This is a good sign that the balance of economic power is shifting...to where, I'm not so shure. This is only the beginning.

[Stormin Norman]

In response to:

"George W. Bush may stand and condemn those corperations, but he himself is directly linked to the scandel as well."

Really, how so? His name has been cleared of any wrongdoing, and trust me, if there was anything there it would have been released on the campaign trail. You are buying into political manipulation. All the news agencies know that this is a democratic trick and are willing to go along for the ride, because they have what is called a bias. Do you really trust the media sources which contributed to the election debaucle? As far as I am concerned their credibility is waining. If you would read the fine print this has nothing to do with Bush and everything to do with the 2002 elections. I guess you would say that since he was once a corporate leader he is just as guilty as the rest.
Truly, the reason for such fraud lies in the fact that the previous administration ignored it to exude the air of a sparkling clean economy. Isn't it interesting how all of this fraud is being weeded out under an administration concerned about the present state of the country and overall lack of responsibilty.
This is not a good excuse to steer the country down the dark path of socialism/communism. This is a good opportunity to rid the corporate world of worthless eaters, who fail to produce anything of value. If you look at the trends. The market started is descent at about the same time when Biotech companies were screwed by the Clinton Administration's attempt to cash in on the achievements of others. Remember the international sharing of information regarding the Human Genome Project? Do you remember the Justice Departments attacks on Microsoft Corporaton? The tech sector was the future, but has been reduced to the most feared sector of the market. Kudos to Clinton. Fine Job he did promoting the lying and stealing which seems to be generally accepted by the likes of you. That is unless it is the 'evil' money chasers who are doing it. You ought to watch this thing closer.

Besides out of how many thousands of companies listen on the NYSE, exactly how many have been implicated for fraudulent behavior? According to you they are all guilty.

(Edited by Stormin Norman at 12:41 am on July 13, 2002)