This post is just about the greed that appears to have invaded our society
Watching all the ins and outs of bailouts in this current climate bought me to the conclusion that parts of our modern society are just plain greedy
Maybe I am wrong but how can a company
( Banks , Insurance Companies or any other company justify not taking the money offered to them to help with the current credit problems because of one reason and one reason only ) GREED
The same people whose bonuses will be affected due to guidelines that accompany the money make the decision of taking or not taking the money to ensure the company they manage survive and many are willing to say NO purely so they will get their bonuses, not all but some will surely fail without the money.
I also wonder how they should even be entitled to bonuses when the company they manage has made bad business decisions.
Many could also have the same thoughts regarding the unions who represent millions of workers who because of their strength have created an environment where companies with strong unions could not compete with non union companies. ( I will say this though in these difficult times the Unions have recognized that they need to work with those companies for the workers to keep their jobs and the company to survive )
Do not get me wrong the CEO's, traders and directors of companies that are successful do deserve bonuses, they are some of the brightest brains in our society and many burn out very quickly in these high stress jobs.
Also Unions are an important fabric of society ensuring that their members share in the wealth they create through hard work .
But when GREED becomes the only factor in decisions it is not good for the rest of society
Sorry for this political post , just watching some of the current decisions makes me sad
PS these are only my opinions not trying to upset anyone