U.S. Senator Wants To Hear Gomen Nasai

[Mulboyne]

[floatr][/floatr]Nonpareil: Grassley suggests a Japanese-style approach to corporate governance
If the executives of those troubled financial institutions showed some Japanese humility and remorse, maybe the American people would have more understanding toward their plight during these tough economic times, according to Iowa Sen. Charles Grassley. As it is, his office has been deluged with calls from angry Iowans about any bailout plan, especially executive salaries. "I've suggested it wouldn't be a bad thing that the leadership of these institutions would take a Japanese-style approach to corporate governance, and I'm not talking about going out and committing suicide as some Japanese do in these circumstances, but I am talking about scenes I've seen on television where in belly-up corporations the CEOs go before the board of directors, before the public, before the stockholders and bow deeply and apologize for their mis-management. Something like that happening among Wall Street executives would go a long way toward satisfying my constituents and many Americans that help might be needed and would more gracefully be given by the taxpayers of this county"...more...

[Charles]

Fuck Grassley, he has a consistent record of doing nothing. I've voted against him every chance I get.

I'd go for a little bit of Chinese governance, since they seem to own half of the US debt anyway.

[Jack]

Mulboyne, for some reason my explorer is not loading that Grassley story. Can you cut and paste the whole thing please?

[Mulboyne]

Mulboyne, for some reason my explorer is not loading that Grassley story. Can you cut and paste the whole thing please?

The rest of it doesn't relate to Japan but here it is:

[quote]The overwhelming number of calls and e-mails to his office oppose legislation that "seems" to bailout Wall Street, Grassley said. "Our constituents have been calling in about (wondering) 'Why pay the high rollers and tycoons who created the problems such big salaries? They shouldn't be getting the taxpayers to take them off the hook.' That's one of the negatives still in the bill I hope they're trying to compromise before a final bill comes up. They (the public) don't want to bailout these financial people in Wall Street, but everybody believes some of this money will be recouped and we have a lot of smart people that are telling us that we will recoup all of it and make a small profit. "But, the public doesn't see us buying assets]

[pheyton]

Shit, talk about calling the kettle black! Grassley should start the apologies. Seppuku comes to mind. How bout it Chuck?

[Charles]

Shit, talk about calling the kettle black! Grassley should start the apologies. Seppuku comes to mind. How bout it Chuck?

I'll volunteer to be his second. You know, the guy who chops off his head after he makes the belly cut.

Grassley almost redeemed himself by a recent move to tax megachurches. But then he weaseled out and nothing came of it. Typical.

[Jack]

Thanks Mulboyne.

Grassley is bang on. If those Wall Street fuckers who took out $100 million and more in salaries showed some fucking humility, main street would feel better about this fucking bailout.

[Doctor Stop]

...a Japanese-style approach to corporate governance...

And all along I thought the words "Japan" and "corporate governance" were antonyms.

[Behan]

Apologies won't pay for anything.

[james]

i'm with Charles on this one. fuck a forced apology and crocodile tears. the Chinese do some things right - there's no reforming these asshats. line 'em up and march 'em one at a time to the gallows. greedy, corrupt sycophants.

[Jack]

And all along I thought the words "Japan" and "corporate governance" were antonyms.

Doctor Stop, there is something magical about your avatar. I can't quite put my hand on it.

[xenomorph42]

i'm with Charles on this one. fuck a forced apology and crocodile tears. the Chinese do some things right - there's no reforming these asshats. line 'em up and march 'em one at a time to the gallows. greedy, corrupt sycophants.

Yep! I too agree. If there were really a good and legit reason to be an advocate "for" the death penalty, it's this financial catastrophe!
Also, Washington is a cesspool and is in a serious need of a major disinfectant. The fat cats and unsympathetic greedy SOB's on Wall Street, CEO's of these failed companies, Congress, the Senate, Republicans and Democrats have totally sold out the folks.
Looks like "Another revolution" is on the horizon.

[Uhhuh35]

Apologies won't pay for anything.

That's right. Investigate and charge persons responsible with crimes if warranted.
Apologies are an easy way out.

[Charles]

Yep! I too agree. If there were really a good and legit reason to be an advocate "for" the death penalty, it's this financial catastrophe!

I oppose the death penalty, but financial catastrophes kill people by the thousands, perhaps they deserve it. The rich get richer at the expense of poor people who starve to death or die of illnesses they could treat if they had money. It's mass murder by remote control.

[amdg]

Thanks Mulboyne.

Grassley is bang on. If those Wall Street fuckers who took out $100 million and more in salaries showed some fucking humility, main street would feel better about this fucking bailout.

Agreed. No, one, single CEO value-adds 100 million dollars to a business in any one year. I think it's absurd that there are people out there that think this kind of compensation is deserved. Replace that CEO with a chipmunk and the company, if it's any good in the first place, will do alright.

[james]

Looks like "Another revolution" is on the horizon.

say, any chance canada could help with this revolution

(yeah, i know, it was really the british regular forces that burned down the white house and canadian militia wasn't present). but this time, i swear, we'll be ready, and i think even the canadian armed forces could come up with some torches.

[Samurai_Jerk]

[quote="james"]say, any chance canada could help with this revolution ]

That reminded me of my first trip to Japan in college. On the plane I was sitting next to this Canadian guy who had the most Canadian accent I've ever heard (think "Strange Brew"). He was going on and on about all things Canadian. At one point he said, "You knoo we burned the Whitehoos Doon." I said I thought it was the British to which he responded, "Ooh, but it was the Canadians". I wasn't sure how to respond to that. Maybe congratulations?

[james]

That reminded me of my first trip to Japan in college. On the plane I was sitting next to this Canadian guy who had the most Canadian accent I've ever heard (think "Strange Brew"). He was going on and on about all things Canadian. At one point he said, "You knoo we burned the Whitehoos Doon." I said I thought it was the British to which he responded, "Ooh, but it was the Canadians". I wasn't sure how to respond to that. Maybe congratulations?

lol, musta been from winterpeg or something. people from my area (ottawa region) could slip in and walk amongst people in buffalo and likely go undetected.

remember that.

i'm guessing it was the guy's first trip overseas and very likely his first real contact with people from outside of canada. my view on that, which has only been re-enforced by my living here, is that canada as a collective, needs to get over it's "little nation" complex and stop juxtaposing everything vis-a-vis the u.s and that canadians need to stop defining themselves as being "not american" and acting all indignant when mistaken for one.

as for the whitehouse, all i can say is that there is ignorance on both sides of the border. canadians, for all their wanting americans to know about canada, on average know surprisingly little about the u.s.

[Doctor Stop]

Doctor Stop, there is something magical about your avatar. I can't quite put my hand on it.

Hands, you mean.

[Blah Pete]

This is what I think of the situation:

[Mike Oxlong]

That reminded me of my first trip to Japan in college. On the plane I was sitting next to this Canadian guy who had the most Canadian accent I've ever heard (think "Strange Brew"). He was going on and on about all things Canadian. At one point he said, "You knoo we burned the Whitehoos Doon." I said I thought it was the British to which he responded, "Ooh, but it was the Canadians". I wasn't sure how to respond to that. Maybe congratulations?

That's a stereotypical Newfie accent.