RSAAKKS

The Global Oil Scam: 50 Times Bigger than Madoff

Very enlightening. I guess that is free market capitalism at its best.

Sure It’s Legal … But Is It Right?

Accountability at the highest levels are the main issue. Lots of people can demand accountability from average folks, but who can dare ask the guy at the top? and live to talk about it. Starts with the politicians first? Does a president get pay based on performance? Does any Senator get salary based on how well he did the job? Almost the same goes for CEO's, increase shareholder value and get paid say $100 million salary-do some stupid mergers or make other bad decisions to make the company go bankrupt- you get only $50 million- and if a board is really nasty-they will pay him $20 million. That my friend is free market capitalism.

One of the great lines I see too often in earnings calls/transcripts is "our profits were lower because currency worked against us" but I have never heard anyone say the opposite-"our prifits were good because the currency exchange rates were favorable"