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| Yes | 75% | 157 votes | Total: 209 votes | |
| No | 25% | 52 votes |
Yes
Created on: August 28, 2009 Last Updated: August 29, 2009
Corporate Chimps Run Our Economy (into the ground)
In view of our recent banking dysfunction and in order to understand the economic predicament we now find ourselves in, one must understand the motivations of those individuals who played the largest part in creating this disaster, namely a curious creature known as the "corporate chimp."
This vulgar, mercenary creature er... animal, officially referred to as corporatus chimpus suckupaloticus, lives for the sole purpose of kissing up to the world's corporate elite - their main focus in life being the worship of money and attainment of wealth.
And, though these greedy mammals have existed throughout history, the present financial morass we now find ourselves in is due in large part to a particular branch of the species - a subspecies of the group discovered in the early 20th century in the Wall Street swamp.
This corporate chimp is an altogether peculiar species. Identified by a black or dark blue suit, which often turns to a grayish color in more aged chimps. The number one job of the corporate chimp is to acquire money for itself and the corporation - (actually it's their number two job after they get up off their knees).
The twentieth century corporate chimp is usually, though not exclusively, found in one of seven main habitats: the Federal Reserve, corporate board rooms, banks, AM talk radio/the 'mainstream' news media, law firms, the Wall Street swamp and of course, politics. Recently, a substantially large number of these corporate beasts have migrated their way into the upper halls of government around the globe.
Though a majority of the chimps gravitate towards money, the most dangerous of corporate chimps head straight for politics, usually after a brief stop-over in law.
Shameless bootlicking and sucking up to wealth and political power, form the main characteristics of the chimp. This parasitic bipedal mammal also displays an innate propensity to disregard any basic moral code or rules of fair play, by showing an eager willingness to eliminate ethics and/or switch loyalties, at a moments notice, should the possibility of monetary gain arise.
Generally active from dawn to dusk, the corporate chimp typically sleeps in a luxurious home and does most of its foraging for food in expensive restaurants and in corporate boxes at sporting events. And, although sucking at the corporate teat seems to form the bulk of the chimp's behavior, the teat offers very little nourishment and thus many chimps have been observed to eat other small, usually defenseless mammals.
Corporate chimps have a superficial social organization that is gregarious and loosely based around the sport of golf. Most chimps belong to groups called "clubs." While interacting, the chimps or "club members" often break up into subgroups called "foursomes."
When chimps from different or opposing communities meet each other on the golf course, they are usually peaceful, at least outwardly, though at times there may be loud vocalizing, antagonistic displays of displeasure and occasionally, serious lying and manipulating of the facts should there be some financial gain in the offering.
Social relations within chimp communities are significantly affected by the species' affinity for status. Chimps use money and lying to promote the sharing of wealth, to make up after confrontations, to gain favors and generally to strengthen relationships. However, should this wealth dry up, partnerships are quickly forgotten, as there is very little predilection towards loyalty in the chimp's character.
When circling, especially in banking, political lobby groups or the stock market, a group of chimps can be very vicious carnivorous hunters which, once a substantial power grab or monetary gain has been achieved, will retire back to the relative safety of their packs, typically composed of a dominant breeding corporation and their dependent subsidiaries.
Natural predators to the chimp include: nationalized medicine, social-democratic governments and any type of fair sharing of natural resources that would benefit the global community at large - though recently, many corporate chimps have developed an peculiar and contradictory inclination towards socialism in the form of corporate bailouts - now strictly referred to as "stimulus packages."
Oddly enough in the past, socialism was regarded as a loser philosophy by the wondrous chimp kings of finance. However, in view of recent economic calamities, when applied to corporations and banks, socialism is now an acceptable practice.
Yes, thanks to the many corporate chimps in government, many bank and corporate losses have now become the responsibility of the taxpayers - losses are now being socialized but profits, of course, still remain the responsibility of corporations and banks.
And, despite the government handouts, these chimps still regard themselves as the "masters of the universe" - though in reality, as our present economic reality has revealed, they are merely disgraceful, money grubbing bootlickers willing to do the butt kissing no one with any self respect would do.
Given their wide historical distribution, corporate chimps have been shown to have no regard for the environment. In its endless pursuit of the dollar, no amount of destruction, war, pestilence or disease will deter the corporate chimp from its greedy mission.
There are no ethics, rules, laws or sense of fair play where chimps are concerned. There is no right and wrong when it comes to money. The quintessential corporate chimp is one without conscience or integrity.
Should you happen to see a chimp in its natural element, e.g. banking, Wall Street or a political lobby group, if you must, approach it with caution but keep your hand firmly on your wallet. Do not trust this animal with money.
In closing, corporate chimps should remember one-thing, though it may be true that he who dies with the most toys may win the money game of life, he is still, thankfully, dead.
For those of you who enjoy exotic pets, a corporate chimp can make a wonderful house pet. If you have enough money, many corporate chimps are for sale right now at bargain prices!
Learn more about this author, Timo Cerantola.
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No
Created on: October 30, 2008
I don't believe lobbyists are the reason for this particular problem. I have seen a lot of good ideas and insights into the reasons for the economic break down we have seen in these recent days. However, so far no one has hit the nail on the head, though some people have been swinging close and hard.
It is partly the fault of both Republicans and Democrats and cannot be blamed solely on any one person or group. The real reason for the "Wall Street Meltdown" is the repealing of two crucial economic policies began during the depression to prevent this and similar collapses from happening and to reverse the economic crisis of the day. They are the Glass Steagall Act and the Uptick Rule.
The Glass Steagall Act of 1933 began the FDIC in the United States as well as including banking reforms. Provisions that prohibit bank holding companies from owning other financial companies were repealed on November 12, 1999, by the Gramm-Leach-Bliley Act. The New York Times predicted an enonomic downfall might occur in an article about Fannie Mae and the repealing of the law dated September 30, 1999 stating, "In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidize d corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980's." We saw this coming and instead of doing something about it we made the problem worse by ending the second economic policy which could have prevented this from happening, the Uptick Rule.
The Uptick Rule was adopted by the Securities and Exchange Commission (SEC) in 1938. The Uptick Rule prevented companies from crashing due to large scale shorting of company stock. A company's stock could not be sold short as long as it was in continuous decline. Short sellers had to wait for an uptick in the stock before shorting. The Uptick Rule was eliminated in July 2007.
There have been attempts to get the Uptick Rule Reinstated to reverse the damages done by eliminating it. Trader's Magazine reported on October 7th, 2008 that Erik Sirri, director of the Securities and Exchange Commission's Division of Trading and Markets stated at an Investment Company Institute conference in New York, "We've (the SEC) [had] a lot of calls to bring it back. It's something we have talked about and it may be something that we in fact do."
Lobbyists were not the problem then and they aren't now. The problem was poor decision making by our elected officials past and present who did not have enough foresight to see this coming even though others did see it coming and said as much and poor planning by the corporations and bodies overseeing them. Putting these things back into effect or starting similar practices to these two would put the economy back on track and prevent this from happening again without asking taxpayers to foot the ($700 Billion) bill.
Sources:
http:// query.nytimes.com/gs t/fullpage.html?res= 9C0DE7DB153EF933A057 5AC0A96F958260&sec=&spon=&partner=permalink&exprod=permalink
http ://en.wikipedia.org/ wiki/Glass_steagall
h ttp://en.wikipedia.o rg/wiki/Uptick_rule
h ttp://www.tradersmag azine.com/news/10222 5-1.html
Learn more about this author, Rayne Britt.
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