Comments on: China executes bankers http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/ General interest observations and true web-log. Mon, 13 Feb 2012 04:33:03 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Frank http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/comment-page-1/#comment-59450 Frank Mon, 18 Jul 2005 19:18:41 +0000 http://www.dvorak.org/blog/?p=417#comment-59450 Gee, I bet works a lot better than prison as a deterant to finacial crime. I wonder when we will start following their example, and simplfy our punishment system. Gee, I bet works a lot better than prison as a deterant to finacial crime. I wonder when we will start following their example, and simplfy our punishment system.

]]> By: T.C. Moore http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/comment-page-1/#comment-1393 T.C. Moore Tue, 21 Sep 2004 03:50:44 +0000 http://www.dvorak.org/blog/?p=417#comment-1393 - A 401(k) is the employee's responsibility, not the employer's. That's why companies are moving to them in droves, to give employees control, and the risk. - Investing in your own company's stock is RETARDED. They're paying your salary, and you're going to put your savings in their stock. All you eggs in one basket??? DIVERSIFICATION!!!! stupid! Ken Lay does not deserve to go to jail because you don't know how to invest your own money, or you're too cheap to hire someone who does. The government case against Kenny Boy is quite lame. All the charges relate to actions after Skilling left as CEO and Ken took the helm again for 2-3 months. I.e. After the collapse had begun and bankruptcy was inevitable. They're "cover up" charges, yet again, not actual charges related to business fraud. Fastow got what he deserved, and his wife probably more than she deserved (for signing a fraudulent tax return). The person getting away with murder is Skilling. He deserves to go to jail for lying to Congress, and defrauding millions of investors. - A 401(k) is the employee’s responsibility, not the employer’s.
That’s why companies are moving to them in droves, to
give employees control, and the risk.
- Investing in your own company’s stock is RETARDED.
They’re paying your salary, and you’re going to put your
savings in their stock. All you eggs in one basket???
DIVERSIFICATION!!!! stupid!

Ken Lay does not deserve to go to jail because you don’t know how to invest your own money, or you’re too cheap to hire someone who does.

The government case against Kenny Boy is quite lame. All the charges relate to actions after Skilling left as CEO and Ken took the helm again for 2-3 months. I.e. After the collapse had begun and bankruptcy was inevitable. They’re “cover up” charges, yet again, not actual charges related to business fraud.

Fastow got what he deserved, and his wife probably more than she deserved (for signing a fraudulent tax return). The person getting away with murder is Skilling. He deserves to go to jail for lying to Congress, and defrauding millions of investors.

]]> By: Rick http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/comment-page-1/#comment-1336 Rick Sat, 18 Sep 2004 03:09:29 +0000 http://www.dvorak.org/blog/?p=417#comment-1336 So the U.S. Govt. gives lil' ol' Martha 5 months in a 5x8 but will probably let Ken Lay of Enron - and his pals - have a nice walk after the slob destroyed the very lives of thousands! What's wrong with this picture? So the U.S. Govt. gives lil’ ol’ Martha 5 months in a 5×8 but will probably let Ken Lay of Enron – and his pals – have a nice walk after the slob destroyed the very lives of thousands! What’s wrong with this picture?

]]> By: M http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/comment-page-1/#comment-1328 M Fri, 17 Sep 2004 21:04:42 +0000 http://www.dvorak.org/blog/?p=417#comment-1328 China is the home of where Sun Tzu "The Art of War" and other military classics was written. ... "Corruption is a state of mind" exists depending on what side of the street one is at. Most westerners think that they know Chinese culture because of a few Chinese dishes that they ate last night. :)) China is the home of where Sun Tzu “The Art of War” and other military classics was written. … “Corruption is a state of mind” exists depending on what side of the street one is at. Most westerners think that they know Chinese culture because of a few Chinese dishes that they ate last night. :) )

]]> By: M http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/comment-page-1/#comment-1327 M Fri, 17 Sep 2004 21:00:40 +0000 http://www.dvorak.org/blog/?p=417#comment-1327 China corrupted? ... I am shocked. ... But no one can beat Columbia, Panama, Mexico, Russia and India. ... China corrupted? … I am shocked. … But no one can beat Columbia, Panama, Mexico, Russia and India. …

]]> By: Anonymously http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/comment-page-1/#comment-1264 Anonymously Wed, 15 Sep 2004 14:09:35 +0000 http://www.dvorak.org/blog/?p=417#comment-1264 " This is why China is beating us in the marketplace." And yet they hardly prosecute intellectual property infringers. Maybe they really are on to something! ” This is why China is beating us in the marketplace.”

And yet they hardly prosecute intellectual property infringers. Maybe they really are on to something!

]]> By: Anonymous http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/comment-page-1/#comment-1263 Anonymous Wed, 15 Sep 2004 14:08:46 +0000 http://www.dvorak.org/blog/?p=417#comment-1263 With China lack of a proper legal system, how is it possible to know if they were guilty? How do you know politics isn't behind the executions. Executions are convenient for totalitarian regimes, the "guilty" never get to tell their side of the story because they are dead. With China lack of a proper legal system, how is it possible to know if they were guilty? How do you know politics isn’t behind the executions.

Executions are convenient for totalitarian regimes, the “guilty” never get to tell their side of the story because they are dead.

]]> By: Ed Campbell http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/comment-page-1/#comment-1258 Ed Campbell Wed, 15 Sep 2004 12:14:09 +0000 http://www.dvorak.org/blog/?p=417#comment-1258 It's also how they deal with major drug dealers. It’s also how they deal with major drug dealers.

]]> By: Noogle http://www.dvorak.org/blog/2004/09/15/china-executes-bank-employees-in-fraud-crackdown-sep-14-2004/comment-page-1/#comment-1251 Noogle Wed, 15 Sep 2004 11:15:53 +0000 http://www.dvorak.org/blog/?p=417#comment-1251 You know, I'm not a death-penalty advocate by any degree, but if we were to start killing people for their crimes, I rank this right up there. Those execs from Enron arguably did just as much damage to the families under their employee as a murderer, robber or rapist could have. No-one can tell me that losing your house, car and retirement fund doesn't ruin lives - in a lot of cases permanently. You know, I’m not a death-penalty advocate by any degree, but if we were to start killing people for their crimes, I rank this right up there. Those execs from Enron arguably did just as much damage to the families under their employee as a murderer, robber or rapist could have. No-one can tell me that losing your house, car and retirement fund doesn’t ruin lives – in a lot of cases permanently.

]]>