Ok, you all gave me encouragement to continue writing until my heart's content; well here goes. Now I know we all can understand how the public might view our industry with some disdain; and that is one of the reasons we all like this forum to dispel misinformation. With that in mind, why can we not get any help from the big boys on Wall Street.
I just read an article on Comcast; that several major firms on Wall Street, went to Congress to ask for bail-out monies from the American Tax payer and that some of that money ($1.6 billion dollars), went to company executive bonuses and their salaries. Then in another article also on Comcast finance section, I read where these banks that got this money have know way of tracking and/or will not even disclose what they did with the money. What kind of sense does that make. If we want the American Public to believe in us again do we not need to show transparency with respect to how we use their money? If we want consumers to make prudent and wise decisions with respect to their finances, shouldn't we expect the "Big Boys" to do the same.
The Automotive Industry is being raked over the coals so-to-speak, and the Executives are talking about re-structuring and willing to work for $1.00; how they will use the money to keep factories open to keep approximately 1 million American Workers employed; and the Financial Industry "Big Boys" think it is ok to use "OUR Money" anyway they see fit.
Something is definitely wrong with this picture. Congress would have been better off giving every American Tax Payer say $20-$25,000 and we could straighten out this eceonmy better than it is going right now.
This is my rant for the day, sorry for the negativity. I hope everyone has a merry and safe Hoilday Season and a prosperous New Year.