Comments on: When sorry isn't good enough http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/ Get to grips with the issues affecting world business Wed, 16 Dec 2009 20:43:39 +0000 http://wordpress.com/ hourly 1 By: Noemi http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-12121 Noemi Wed, 23 Sep 2009 06:45:08 +0000 http://business.blogs.cnn.com/?p=1662#comment-12121 The lesson here, keep and hold all your hard earned money with you and never let anyone manage it for you... The lesson here, keep and hold all your hard earned money with you and never let anyone manage it for you...

]]> By: Joe White http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-11733 Joe White Fri, 31 Jul 2009 00:15:41 +0000 http://business.blogs.cnn.com/?p=1662#comment-11733 Here is a perfect example to the greed that got us in this financial mess and to the lesson learned from it. I have just found out that the Union Bank of California hired the top management that was fired by BofA from Countrywide Mortgage Countrywide mortgage is the principal culprit for Subprime disaster after their collapse they were taken over by Bank of America which fired the top management Why would any company hire this people as top executives of their retail banking, may be the fault lies with the U.S. government. Because the people that should have been in jail by now, are still out and running another financial institution. Here is a perfect example to the greed that got us in this financial mess and to the lesson learned from it.

I have just found out that the Union Bank of California hired the top management that was fired by BofA from Countrywide Mortgage

Countrywide mortgage is the principal culprit for Subprime disaster
after their collapse they were taken over by Bank of America which fired the top management

Why would any company hire this people as top executives of their retail banking, may be the fault lies with the U.S. government.
Because the people that should have been in jail by now, are still out and running another financial institution.

]]> By: TPower http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-11562 TPower Tue, 21 Jul 2009 14:40:18 +0000 http://business.blogs.cnn.com/?p=1662#comment-11562 Was there an intention on the part of Mr. Madoff to deceive those investors? Or was it the greed ... the greed to earn an easy money so fast ... on the part of those who invested ... that they failed to analyze the structure of the investment they were going to and the danger it posed to their investments should one pillar of the scheme collapsed? Was it the failure of the regulators to see thru the scheme that brought about the catasthrope? For me ... the regulators should be jailed together with Madoff and the investors should just stay quiet and learn an important lesson ... don't be blinded by fast profits!!! Was there an intention on the part of Mr. Madoff to deceive those investors? Or was it the greed ... the greed to earn an easy money so fast ... on the part of those who invested ... that they failed to analyze the structure of the investment they were going to and the danger it posed to their investments should one pillar of the scheme collapsed? Was it the failure of the regulators to see thru the scheme that brought about the catasthrope? For me ... the regulators should be jailed together with Madoff and the investors should just stay quiet and learn an important lesson ... don't be blinded by fast profits!!!

]]> By: BK201 http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-11531 BK201 Thu, 16 Jul 2009 16:29:47 +0000 http://business.blogs.cnn.com/?p=1662#comment-11531 He may be greedy and cold hearted but he is the best there is. Respect Nobody can achieve such a feet of fraud its impossible, world record. He may be greedy and cold hearted but he is the best there is. Respect
Nobody can achieve such a feet of fraud its impossible, world record.

]]> By: guapo http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-11524 guapo Wed, 15 Jul 2009 09:50:58 +0000 http://business.blogs.cnn.com/?p=1662#comment-11524 I am not reading any "investors" mea culpa. It looks like that is fine to invest all your money with irrealistic promises. It looks like that is ok to be greedy after all the social censorship is in the other side. What a relief, Maddoff is the only at trial ..........not me, I am not responsible.Everything is in the Madoff side.He is the abuser. Madoff is what it is and he received what he deserves but this prey and victim game without the victim confession doesn't help the "investors" to grow, to see their part of the game. Unless they accept their responsibility there is no cure for them. no one in the game is better than the other. As a conclusion , it is easier to blame the serpent , it is easier to blame Eve but Adan who could say no to the apple's temptation. Adan is the responsible. We haven't learnt anything I am not reading any "investors" mea culpa.

It looks like that is fine to invest all your money with irrealistic promises. It looks like that is ok to be greedy after all the social censorship is in the other side. What a relief, Maddoff is the only at trial ..........not me, I am not responsible.Everything is in the Madoff side.He is the abuser.

Madoff is what it is and he received what he deserves but this prey and victim game without the victim confession doesn't help the "investors" to grow, to see their part of the game. Unless they accept their responsibility there is no cure for them.

no one in the game is better than the other.

As a conclusion , it is easier to blame the serpent , it is easier to blame Eve but Adan who could say no to the apple's temptation.
Adan is the responsible.
We haven't learnt anything

]]> By: Sam http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-11487 Sam Wed, 08 Jul 2009 01:04:51 +0000 http://business.blogs.cnn.com/?p=1662#comment-11487 Hypocracy makes me sick, and Made off is the sickness of many. I do not see the world like many d CRIME DOES PAYo. I am for Capital Punishment. Sure mistakes are made but they are more than offset by correct decisions. IF and I say IF the death penalty was available then that is what he should have got. Why should the Taxpayer have more expense on supporting him in Prison when a quick jab could have save a lot of money and space for those who were not so crooked. The big problem in Europe is that it is run by too many do gooders NO DEATH PENALTY to crime Blooms, bring it back and crime will fall. Why not commit a crime when you know all you will get is prison time, nice TV, and possibly good food or some drugs to keep you happy until you get early release Hypocracy makes me sick, and Made off is the sickness of many. I do not see the world like many d CRIME DOES PAYo. I am for Capital Punishment. Sure mistakes are made but they are more than offset by correct decisions.
IF and I say IF the death penalty was available then that is what he should have got. Why should the Taxpayer have more expense on supporting him in Prison when a quick jab could have save a lot of money and space for those who were not so crooked. The big problem in Europe is that it is run by too many do gooders NO DEATH PENALTY to crime Blooms, bring it back and crime will fall. Why not commit a crime when you know all you will get is prison time, nice TV, and possibly good food or some drugs to keep you happy until you get early release

]]> By: Steven http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-11398 Steven Thu, 02 Jul 2009 15:24:35 +0000 http://business.blogs.cnn.com/?p=1662#comment-11398 I am so tired of the gloom and doom whining from these blowhard conservatives. Oh no, the Dems have control- the sky is falling!! At least the Dems are trying to DO something about our country's plate full of problems- that's alot better than sitting on yOUr butt for 8 years and letting everything go to hell as Bush and company did. BUSH TOOK 400 DAYS OF VACATION DURING HIS 2ND TERM !! Remember, it was the Repubs back in Nixon's day that coined the phrase "benign neglect"- and Bush and co followed that to a T. If you conservatives don;t have anything else to offer but whining- SHUT UP AND GET OUT OF THE WAY. I am so tired of the gloom and doom whining from these blowhard conservatives. Oh no, the Dems have control- the sky is falling!!
At least the Dems are trying to DO something about our country's
plate full of problems- that's alot better than sitting on yOUr butt for 8 years and letting everything go to hell as Bush and company did. BUSH TOOK 400 DAYS OF VACATION DURING HIS 2ND TERM !! Remember,
it was the Repubs back in Nixon's day that coined the phrase "benign
neglect"- and Bush and co followed that to a T. If you conservatives don;t have anything else to offer but whining- SHUT UP AND GET OUT OF THE WAY.

]]> By: Nam(South Korea,Busan) http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-11394 Nam(South Korea,Busan) Thu, 02 Jul 2009 12:59:41 +0000 http://business.blogs.cnn.com/?p=1662#comment-11394 He deserves 150 years in North Korea labor camp...... He deserves 150 years in North Korea labor camp......

]]> By: Jules http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-11379 Jules Wed, 01 Jul 2009 05:36:02 +0000 http://business.blogs.cnn.com/?p=1662#comment-11379 What about the people at SEC who are suppose to protect the public? Shouldn't they be held responsible too? What about the people at SEC who are suppose to protect the public? Shouldn't they be held responsible too?

]]> By: Primo http://business.blogs.cnn.com/2009/06/29/when-sorry-isnt-good-enough/#comment-11376 Primo Wed, 01 Jul 2009 01:45:37 +0000 http://business.blogs.cnn.com/?p=1662#comment-11376 This is a sad story with a sad ending. The admission of guilt proves little as it will never put food or money on the tables of people who saved and planned their lives living anticipating earnings off the investments that Madoff takes with him to jail. The sentencing of Madoff is not enough. We need to see more laws implemented to prevent such crimes, not just scare off potential perpetrators of similar crimes. This is a sad story with a sad ending. The admission of guilt proves little as it will never put food or money on the tables of people who saved and planned their lives living anticipating earnings off the investments that Madoff takes with him to jail.

The sentencing of Madoff is not enough. We need to see more laws implemented to prevent such crimes, not just scare off potential perpetrators of similar crimes.

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