Comments on: Trust still matters http://blogs.reuters.com/commentaries/2009/08/11/trust-still-matters/ Now raising intellectual capital Sun, 08 Nov 2015 08:31:30 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: James Reginald Harris, jr http://blogs.reuters.com/commentaries/2009/08/11/trust-still-matters/comment-page-1/#comment-2092 Wed, 12 Aug 2009 18:36:24 +0000 http://blogs.reuters.com/commentaries/?p=2511#comment-2092 I did a little piece on TRUST today. The US is a free country and People are allowed to speak their mind and groups are allowed to form to influence government. In the post Glass-Stegal America we have seen a concentration of modern economic power in the Global Economy like never before, so I have analysed this (“New State of Governance”).

812 Captive Government (“The BONUS SYSTEM”)

Whereas a Democratic Elective Form of Government exists upon a Communism Capital Model through the Political Authority of Economic Power which distributes Reward exclusively to Economic Power (“Capital Communist”) Party Members.

Marked by legislative deline of individual rights within the System and protection of distribution system to exclusively the primary institutional participants the Capital Communist Party Members and exclusion of Non-Capital Communist Party Member Individuals from Economic System Rewards once associated with American Capitalism.

Total Public awareness of this modern systemic imbalance caused by (“massive concentrations of economic power”) has now occured.

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By: Hugh Powell http://blogs.reuters.com/commentaries/2009/08/11/trust-still-matters/comment-page-1/#comment-2082 Wed, 12 Aug 2009 14:49:27 +0000 http://blogs.reuters.com/commentaries/?p=2511#comment-2082 Trust?
Why should we trust the Wall Street Banks? Among those that have survived this crisis of their own making, the Same CEOs are still in charge. What? This is like putting a pack of 12 year old boys in charge of security at a warehouse full of fireworks. Sooner or later something really bad is going to happen, probably involving multiple violent explosions. It is amazing! Even though it has recently become clear that Ken Lewis lied to his Bank of America shareholders about his willingness to pay huge bonuses to key managers at Merrill Lynch in the buyout process, there has been no news that anyone is considering his dismissal.
These morons created a financial system unconcerned with the willingness or ability of many millions of mortgage borrowers to repay their loans. As a result, not only did they sweep away the foundations of our financial system, they in fact caused an entirely un-necessary, predictable and preventable world-wide economic disaster.
If the word “trust” is be anything more than a marketing slogan, as in having substance, we need to have people in charge who are worthy of trust.

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By: Cordell http://blogs.reuters.com/commentaries/2009/08/11/trust-still-matters/comment-page-1/#comment-2080 Wed, 12 Aug 2009 14:18:11 +0000 http://blogs.reuters.com/commentaries/?p=2511#comment-2080 If trust matters, then we are doomed.
A key lesson I have learned in my 57 years of life is:
In business, trust is for suckers.

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By: rayman in CA http://blogs.reuters.com/commentaries/2009/08/11/trust-still-matters/comment-page-1/#comment-2075 Wed, 12 Aug 2009 13:48:32 +0000 http://blogs.reuters.com/commentaries/?p=2511#comment-2075 The mark-to-myth chicken will eventually come home to roost. Suspension of MTM has done more to foster a lack of retail investor confidence than any other factor.

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By: Rose Eli http://blogs.reuters.com/commentaries/2009/08/11/trust-still-matters/comment-page-1/#comment-2072 Wed, 12 Aug 2009 12:35:07 +0000 http://blogs.reuters.com/commentaries/?p=2511#comment-2072 The trust towards the financial institutions triggered by the outrage of the bonus and the arrogance of those big banks, has dropped to all time low.

Luckily, financial institutions know the Big Uncle Sam will replenish them with capital from stupid American taxpayers and trust. Unless the taxpayers do not trust this administration, big banks still don’t need to care too much.

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