Tuesday, October 21, 2008

Greg Mankiw's Blog: "More Santa Claus than Vito Corleone"

Greg Mankiw's Blog: "More Santa Claus than Vito Corleone"
Bank executives may argue that it is necessary for them to maintain dividend payments to support their stock prices and to make further capital-raising possible. This argument is dubious.
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If the government is unwilling to take this step, then the boards of the banks should take it upon themselves to do the right thing. They may even have a legal obligation to do so, because courts have ruled that directors of financially distressed firms have a fiduciary duty to creditors as well as to shareholders.
The creditors of the banks include not just those who have already lent them money, but also American taxpayers who put their money on the line by guaranteeing the banks’ debts. From the perspective of this broader set of stakeholders, it is best to end dividend payments until the banks have returned to health.

Great, so Barbie doll banks with bee sting lips XXXX-lage melon breasts inside is horror so unkiss-ble bottom line banks? That is why unprofitable in the end. The entire augment bee sting make Barbie sick no sex appeal so no one wants to sleep with them.
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I like God Father, very interesting character he is in every one of us. We can be a villain and angel that is why the character is so appealing to us. we all have burning vengeances, want to kill scumbags who take advantage for us. Why everyone cant’ t nice to each other? Why people have to cheat and lie each other? But then this is life yes it is life! I don’t think anyone has one side only, I saw so many scumbags bitches name of religions, their recruitment is very cunning devious, using smart well established methods. Pick right people, often weak so that brainwashed easily—and systemically brainwashed by them name of god, that is how they sustained their systems and justify their own belief, when you get into the system you loses your own will to obey to communal. precisely that reasons some people would like to do that as belongingness is a sense of belongs we all might need it, it is good for the certain extent in that reason and that is ok as long as they try not interfered other none believer but the problems start when they try to recruit newbies who happens to be smarten their own system but religion itself is also human life too.

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