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Im Voting Republican!!!!
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<blockquote data-quote="sortaisle" data-source="post: 404658" data-attributes="member: 17605"><p>I don't see how three people are at fault here. Financial institutions answer to their shareholders. The government relaxed their standards on loans. They didn't make those institutions take those loans, they made a choice to use them, knowing that at some point all good time come to an end. Instead of placing the blame on a few people, the blame needs to be placed on people as a whole. When the opportunity for a gluttonous amount of money made itself available, what did you expect to happen? These companies answer to their shareholders, just like UPS does. When UPS started answering to shareholders, the company started on the ridiculous spiral it's in now. The same thing happened to these financial giants. They had to answer to their shareholders demands for higher dividends. If they didn't, then they would have been second best to the company that did, and that is death in business. Unfortunately there is no moral ground when it comes to economics.</p></blockquote><p></p>
[QUOTE="sortaisle, post: 404658, member: 17605"] I don't see how three people are at fault here. Financial institutions answer to their shareholders. The government relaxed their standards on loans. They didn't make those institutions take those loans, they made a choice to use them, knowing that at some point all good time come to an end. Instead of placing the blame on a few people, the blame needs to be placed on people as a whole. When the opportunity for a gluttonous amount of money made itself available, what did you expect to happen? These companies answer to their shareholders, just like UPS does. When UPS started answering to shareholders, the company started on the ridiculous spiral it's in now. The same thing happened to these financial giants. They had to answer to their shareholders demands for higher dividends. If they didn't, then they would have been second best to the company that did, and that is death in business. Unfortunately there is no moral ground when it comes to economics. [/QUOTE]
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