Herman School of Business
Lie, Cheat, Steal and Win...
If you bought a house you could afford and pay every month on your mortgage that works sit down and shut up. You did not get a tax break, your loan will remain the same and you still might lose your job.
If you lied about your earnings when you bought a house you could not afford and you cheated the bank out of what you promised to pay them…YOU WIN!
Americans have elected the worst set of leaders ever in the House and the Senate. No one caught the illegal activities for years of bankers, brokers and buyers…and now that the consequences of those bad acts are upon us…we punish the good folks and reward the bad folks.
By the way…do you want a clue as to why Lehman Brothers was allowed to fail (and they should have failed) but AIG was saved one weekend despite the fact that they were insolvent, crooked, and causing many of the economic bad things to happen. Oh yeah, AIG is where all of the Senate and House of Representatives Pension Funds reside. Kill AIG and they would have killed their own pension system.
There is only one way out of this economic mess. We must pay the price for the way loans and credit was structured. This method of forgiveness to bad actors, with no reward for good actors sucks. In fact, good actors are being punished to keep their neighbor in their home at lower mortgages while you turn down the thermostat because you can’t afford your heating bills so the neighbor can throw a “I’m Staying!” party.
We have watched this country slip into a disastrous War, we have watched Wall Street and now Washington hijack our economy, and by and large we do nothing. We watched Wal-Mart run out all manufacturing because they had to find cheap labor to keep the prices down so Wal-Mart could take over retailing which also crushed the Mom and Pop store owner who now sits home wondering how to make ends meet.
Start behaving differently.
Get out of debt.
Buy only what you can afford.
Good behavior is the only way out America. And, while you are at it look for a good candidate to run for office. That Mom or Pop who ran a nice business for years and now can’t find a job might just make a great candidate to run for office. They had integrity, did it right, and got pushed aside for a conglomerate that hurts many people and crushes small businesses.
Washington, Wall Street and Wal-Mart all start with “W” and I want you to ignore them and listen to my “W”….WAKE UP!
- Posted: 18 February 2009
- Comments: 2
- Category: Business failure
Comments
I still can’t understand why we don’t let the automakers fail. Do you really mean to tell me that there is NO ONE in this country who could start fresh and do it better, if given the chance? Let someone without the “need” for a multi-million dollar salary give it a whirl for a change, and see if we don’t see better-run companies that can actually do it right and stay in the game.
HERMAN SAYS: In fact there is massive private capital that will show up once the Government lets the big three fail. Their assets in other investors hands will produce a very valuable product, with a profit...because of what has been learned.Written by Ann on 25 February 2009
Thanks Herman for your jewels of advice. Sometimes reality is bitter but then so is medicine. Let’s heal together as a nation.
Your blog is a breath of fresh air in this duplicitous environment.
Junaid
Written by Junaid Siddiqui on 19 February 2009