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If the US were to adopt this, i can see the headline now: MADOFF WITH HIS HEAD
HAHAHAHAH HEYOOOO! Forreals, though, I think fear of ANY sort of punishment in America for the financial elite would work. These people have no fear of any retribution whatsoever.
I own a pitchfork, a shotgun, and can easily make a torch. I think it’s time for some mob justice.
The funny thing is, the exchange rate makes this only 1 million dollars or so. We’d have quite the culling if we went by those standards.
And to think that here in the US this kind of shady wheeling and dealing (or at the very least ENABLING such shady wheeling and dealing to occur on your watch) gets you a job as a financial adviser in a presidential administration.
Wowee. Yea, Hutch, any sort of threat of punishment would help. For now, Americans just expect bailout help.
The bailout’s more complicated and, in the end, I’m for it considering the circumstances. But I was specifically referring to the Golden Parachutes these guys get. They come on as CEOs and broker leads and make insanely risky decisions because they know, worst case, they’ll be let go with millions of dollars come to them. If they had a real fear of real retribution from stock holders — if they actually got fired and went on unemployment, no way this shit would have happened. They’d have been too afraid.