Most Americans are good people but there are some who are only motivated by greed. Most Europeans are good people but there are some who are only motivated by greed. Most Asians are decent people but there are some who are only motivated by greed. Better not leave out Africa and Australia because greed is not limited to a particular country or creed. So how can a vast majority stop the few causing financial misery to so many? There is only one answer and that is the ballot box!
That is why the American House of Representatives voted down the recently proposed $700 billion tax bill. They have been heavily criticized, but in a democracy the people elect the politicians, and it is the majority of the people that they should strive to serve. Not the few get rich quick bankers and speculators, but all the people, and it was good in this instance that those elected called at least a temporary halt to a scheme involving vast amounts of public money. At the very least they will get a better deal on the part of the electorate. They have succeeded in diverting some attention from the really, really, greedy, to the very, very, needy.
That's what the present mortgage crisis is all about. It is not going to adversely affect fat cats in the banking business. They have a way of squaring everything to suit themselves. Heads they win, tails you lose is their philosophy. That is why so many ordinary Americans with, and without mortgages are so angry about the proposed $700 billion dollar bail out. They feel that they are being asked to foot the bill, for other people's excesses, and quite rightly ask, why should they?
It seems that the financial sector has been operating almost without regulation. There have been ridiculous bonuses, and salaries, with obscene fortunes being made by unscrupulous people that have caused the financial system to be brought to its knees. Win or lose, they have managed to reward themselves. The problem has got to be sorted out, and it is as well that measures are afoot to prevent those responsible from getting away with it.
There was a famous Wall Street movie with Gordon Gekko extolling that 'greed is good'. The movie had a happy ending when he got his just deserts. We can only hope that reality, to some extent re-enacts the movie.
Please Click Here to visit the Free Mortgage Advice Web Site.
Tags:
mortgage quiz greedy or needy
mortgage quiz greedy or needy
No comments:
Post a Comment