Some of the commentary I’m reading this weekend seems to be of the “let’s take the other side just to stir up the debate” variety. These people should be humiliated for their impulse toward controversy for the sake of traffic.
This is not a tough one, consider:
If Johnson & Johnson sold contact lenses that they knew carried a high risk of being infected with pink eye – and then they made more profit from selling a treatment for pink eye to doctors…would you be on the fence?
Did you hear about the tree removal company in southern Connecticut? The employees ran out during those massive wind and rain storms last month to chainsaw the trunks of all the trees, thereby guaranteeing themselves a windfall of new business when hundreds of trees were “blown down”. True story – is this one “complicated” for you?
I used the Bialystock & Bloom reference to describe the Magnetar fraud (“build us the worst products imaginable”) last weekend, now it appears that others are picking up on the whole Producers concept for Abacus. Fine – the characters are likable but you are not sorry when they end up in prison, are you?
I don’t understand the impulse of some of my fellow bloggers to take the other side here. There is no gray area.
Losing money or making a stupid investment is not a crime. A company taking a wild risk with their customers’ money is one thing, but a company specifically designing financial instruments and products with the likelihood of their failure being the central feature? Are you kidding me?
We don’t do that shit in America. That’s not part of American capitalism.
We don’t intentionally make things to fail, even if they are being sold to European banks. This type of “economic activity” benefits no one, it’s not a real business. Who is behind this retarded waste of calculation and engineering skill – why aren’t these people being taught and trained to work for society as opposed to spending their time on this type of fiscal demolition work?
What a joke. Open-and-shut case, it’s called sabotage.