Word: greeds
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Recession Redux "The Price of Greed" is great reporting [Sept. 29]. Andy Serwer and Allan Sloan compressed a staggering amount of information into five pages and still made this trajectory of avarice remarkably clear. Now that I think I understand it, I wish I didn't feel so angry. Edward Claymore, Laguna Woods, California...
...simplistic to blame greed for the financial mess. The fault is a broader human trait: the reluctance or inability to consider the downside of a situation that has so many attractive features. The financial products at issue were profitable, and people were getting houses. Any problems that arose would be taken care of tomorrow. Wonderful invention, tomorrow! Kenneth Viste, Boise, Idaho...
...name is not Gordon.' MICHAEL DOUGLAS, actor, referring to Gordon Gekko, his character in 1987's Wall Street, when asked about the financial crisis and whether "greed ... is good...
...price of greed" is great reporting [Sept. 29]. Andy Serwer and Allan Sloan compressed a staggering amount of information into five pages and still made this trajectory of avarice remarkably clear. Now that I think I understand it, I wish I didn't feel so angry. Edward Claymore, LAGUNA WOODS, CALIF...
This basic error, born of folly, ignorance and greed, is the biggest cause of the mess we are now in. It was compounded by other factors. A system of remunerating bankers with fat bonuses based on the volume of business done, irrespective of the quality and future profitability of that business, did not help. A variation of Gresham's Law was also at play, with imprudent lending driving out prudent lending. This tends to occur as responsible institutions see their market share fall while those of irresponsible institutions rise, and decide to emulate the reckless practices they previously eschewed...