Tuesday, September 30, 2008

The Fall Of Wall Street Giants

Market is for those who have the appetite for taking risks. Certainly not for the faint-hearted. It is then only logical that those who have invested in market have done so with full knowledge of the risks associated with such investments. In times of bullish run, they would have benefitted heavily. On the one hand, you don't want it regulated, i.e., govt intereference. It means, the economy is driven by 'market forces'. Given this situation, why then the government should indulge in 'bailouts'. Does it not amount to abetting the crime of these 'till-now-famous' financial giants? What happens to the 'promoters', CEOs, top executives et al? Will they ever be booked? Are they not accountable? How then does one define 'corporate social responsibility'?
Lot of questions, but not many answers.

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