MBA, CA and Financial Crisis

Discussion in 'Economics' started by peace2011, Jun 12, 2011.

  1. The CEO and managers of Lehman brothers, bear sterns, fannie & freddie, Citibank and other companies involved in financial crisis are MBA, CA and other professional degree holders. But these highly educated professionals could not prevent never ending financial crisis. So salaries of high paid employees should be reduced by 50%.

    World leaders are also highly educated but they were clueless.
  2. ?.....Bearice? :confused: :(
  3. One of the reasons today world money is exhausted is that executives and professionals are paid very high salaries.

    prostitutes earn $50,000 per night.
  4. LeeD


    Money is not exhausted by any means. In fact, in the modern world money is created electronically without any cost to the issuing bank.

    Have you ever realised that if the person you pay money for a burger uses it immdeiately to get a haircut and the hairdresser uses the received money to pay a plumber, all of the involved had the money and paid it on the same day. So, it's not only the shere amount of money, it's the speed of circulation that matters.

    Finally, if you are talking of exhaustion of resources, it's not nigh salaries, it's the culture of consumption that creates it. People take on debt in order to buy a large house and a new car just so that they don't look worse than their mates. Instead they could have purchased a business to add value or saved for future generations (or, in fact, their own late years).

    peace2011, you post interesting news pieces out there. Most people would strugle find these on their own. If you stuck with news and refrained from far-fetched unfounded or biased conclusions for the time being, you'd have created a great following.

    "You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it. " - Morpheus from The Matrix.
  5. Ladies and Gentlemen we have a WINNER!!
  6. How are you confused? It's so obviously Bearice....if this were a trade it would be a 4 bagger :D