SkyDekker

Exactly, class is bombing and invading another country to prove something to Daddy..killing thousands without a valid reason....now that is fucking class. it was a fucking joke...

I asked you before, but you failed to answer, so I'll ask again. What do you think would have happened if AIG would have been allowed to go bankrupt?

Employment contracts can easily be renogotiated. Just look at GM, Ford and Chrysler. I don't understand how some of the posters on here can get very upset about auto workers making too much money and demanding they break their current employment contract and make concessions, yet are fine with millions in bonus money being handed out, because it was in the contract. Specially since the bonusses are going to exactly that group that completely crippled AIG and put it in the situation it is in.

You seem to have been misinformed. Outside of open and closed mortgages (really defined by whether you are free to pay off the mortgage at any time) there are two types in Canada. Variable rate mortgage and fixed rate mortgage. Fixed rate mortgages have a fixed rate for the duration of the term. Term is generally 5 years, but can be anywhere from 6 months to 10 years. During the term the interest rate is fixed and the interest rate will not change during that period. (Term not to be confused with amrotization period) variable rate mortages are based on Prime Rate and are generally adjusted every three months. Prime Rate goes up, your payment goes up, you do not have a choice in the matter. Prime Rate goes down, people generally keep the same payment and chose to pay down their mortgage faster, but they have the option to pay the lower payment. One can generally convert a variable rate mortgage to a fixed rate mortgage at any time. Variable rate mortgages are generally for 5 year terms but are between 6 months to 5 years. The Canadian banks faired much better than most if not all financial institutions around the world because of the much stricter regulations. However, much thanks must be given to the US. Without the bailout in their financial sector several canadian Banks would have failed. Specially if AIG was allowed to go bankrupt.

To be clear, I wasn't talking about reparations at all. In the case of affirmative action, I think some form of it needs to continue until we see averages coming to a norm that is acceptable.

I agree, however I also feel that when the son benefits from the crimes of the father, the son has a moral obligation to help those against whom the crimes were committed.

because as a society we have enriched oursleves over the backs of those that we are trying to help with affirmative action. There is a price to pay for everything.

I don't like the concept of affirmative action one bit. However, I think it is a somewhat necessary evil and a price we as a society have to pay.

What do you think would have happened if AIG went bankrupt?

Myabe another reason why there aren't too many Swiss running around with their rifles in public.

My understanding is that they can keep the guns at home, but they have to be locked up. In this case all his guns were locked up, except for one which he kept in his bedroom. Which is also the gun the kid ended up using.

Not quite what I said. Just that the argument about gun control is a little silly in this incident since he had access to legal guns.

Except that the shooter had access to legal guns.

That doesn't prove the markets dove because of the stimilus package. Any other economic announcements during that time frame? Like unemployment numbers, 4th quarter results, announcement that the US was in recession at the start of the 4th quarter....anything like that?

Isn't it a little bizarre that those who are trained to use weapons aren't allowed to keep them?

you specifically refered to the dead, since that is what you wrote I can only assume that is what you meant.

That is nothing new. If you had run your household the way the country was run in the last decade you would have been long bankrupt. (like 9 years ago)

You have some facts to back that up?

The majority of the dead are high school aged kids. Are you in favour of letting high school kids carry to school?

he lived with his parents who owned a number of legal firearms.

Great post, couldn't agree with you more.

I agree. My point is that executive compansation in the last decade has grown significantly faster than corporate results. To your earlier comment that CEOs are just driven to win and have no regard for compensation. If you truly think that, I'll just have to believe you naive. To the poster who commented about board approval, you may want to look into how boards are assembled and who sits on them and which stockholders have voting control.

Interresting....the numbers don't back you up though. Retail sales in february rose by 0.7%. Before you start cheering, that numer is positive because of WalMart's performance. If you take WalMart out of the equasion retail sales are down 4.1% (And WalMart did not say their sales were driven by Wiis, IPhones or TVs, but simpler stuff like groceries.)

Nowhere near class envey. I am much closer to CEO compensation than average worker compensation. I think that the current economic crisis clearly shows that the CEOs generally don't deserve that amount of money. The values of the company or stock price have not gone up at the same rate as executive compensation. And this whole story about them deserving the money because their egos are crushed when the company goes bankrupt, well, I am not buying it.

In 2005, the average CEO in the United States earned 262 times the pay of the average worker, the second-highest level of this ratio in the 40 years for which there are data. In 2005, a CEO earned more in one workday (there are 260 in a year) than an average worker earned in 52 weeks. from http://www.epi.org/economic_snapshots/entry/webfeatures_snapshots_20060621/