greed is good week 6

My comment on Wall Street and the economic crisis that we go through. Years ago our country had economic struggles and still today we face the same. Wall Street is known for our businesses succeeding and failing at the same time. The main purpose of the economy deflating is the poor manager incompetence that was used. A year later we are still trying to clean up our society and mess that has taken place. The decisions that were being used on the business side of things were poor judgment in so many ways. If you’re giving a president in the company a raise make sure that your financials for the year match and you’re not spending the company’s revenue. So many companies thought that they wouldn’t get caught on the little things like getting over paid and then when they did they acted in a state of shock. When companies like Citibank, Wachovia, and the general motors’ were faced with the bailout some of the managers were still using their status and showing it off. The stocks seem to be going back up a little because people are starting to spend a little more. I think that these big corporations are getting paid more than they should. I think that they are shady in so many ways and can’t be trusted with our money. The United States takes a slap in the face so much for corporation’s mistakes. When owning your own business you need a business plan and strategies to go along with it. You should always have a budget and an accountant that handles all the financial statements and transactions that come through. I like what they say in the movie about greed because it’s so true in so many ways. Michael Douglas was genius in the movie he always knew what to say and he knew how to say it.