Saturday, October 23, 2010

Dan Roan - Bank Bonus Explaination from BNet

So the dude from Countrywide is gonna beat the rap. Not even go to trial?

Not even gonna pay the fine because Bank of America will pay the bulk of the fine for him per a prior agreement?

Tell me again how crime doesn't pay? Unless you have an excessively white collar you seem to do just fine and dandy.

This is a video that I found on BNet a year or so ago. I meant to post it but it seems like this is a good time to remind folks why we are in the mess that we are in.

One reason is that is a serious separation between legitimate earnings and greasing the wheel to turn in order to generate bonus money activity. You slice and dice and damn near kill the company or the economy but you still are banking money.

It is not illegal. But is it ethical?

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