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Originally Posted by OLD BOY
You seem to conveniently overlook that investors lost out too, big time. The banking crisis affected most people, one way or another.
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If I lose money on the 4.40 at Cheltenham because I went for a 100/1 shot would you have sympathy for me for being fast and loose with my cash?
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Yeah, the communists of past regimes thought that, too. It didn't help the poor. Instead, it impoverished everyone. And investors ran a mile, so there was little money coming in.
Not one of your better ideas, jfman.
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Unsure of what you refer to, and nobody is advocating communism so I dismiss your point as irrelevant.
---------- Post added at 15:31 ---------- Previous post was at 15:28 ----------
Quote:
Originally Posted by nomadking
Having targets and aims do not suggest falsifying documents. Without targets and commissions, people would simply sit on their backsides doing nothing and still earn money. The top people wouldn't want to lose money from those falsified documents, would they? In the short term, they might benefit, but it soon unravels. Just as Government overspending and borrowing does.
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Having no robust quality assurance checks or auditing to pick up on such falsification supports that the steer is to get results at all costs and push the spreadsheet values up. Shareholder value goes up and those who move at the right time can make a fortune.