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Archive for the ‘Greed’ Category

Cable Companies Have the Upper Hand

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The channels on your cable television dial may look a little different in the very near future.

Fox Network is threatening to pull its programming from Time Warner Cable unless they are paid a “retransmittal” fee of one dollar for every subscriber, per month. And while a dollar doesn’t really seem like a lot, realize this: There are over fourteen million Time Warner Cable subscribers.

Should Time Warner, or any Cable Company for that matter, have to pay any network for the right to air its programs? It seems to me that in this day and age, when the majority of households in this country get their television programming either through cable or by satellite, it should be the other way around.

Cable television companies are nothing more than a vehicle used to transport someone else’s product to a consumer. A trucking company does not pay a manufacturer a fee for the right to transport their goods. UPS, Fed Ex and the US Postal Service do not pay for the ability to ship packages and letters to waiting customers. Fox Network does not pay Budweiser, Ford and Chevy for the right to air their commercials. They all charge for their services.

And while Fox can cite whatever reason they may for wanting to be paid by the Cable Companies. The bottom line is this: Without them, Fox Network has no vehicle to transport its product. Payment by Time Warner will only result in higher prices and fees for its subscribers. And, if every Cable Company began charging even a small amount to the networks, for the right to transmit over their “lines,” perhaps some savings could be passed onto its subscribers.

I have never been a big fan of Time Warner Cable, there prices are ridiculous and the service leaves a lot to be desired, however, I do have to side with them on this issue. Hopefully they hold out and set a precedent for all the other cable companies.

If you have Time Warner Cable, let them know you support their decision.

Why Are We Only Blaming Madoff?

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So Bernie Madoff pled guilty today and now awaits sentencing for bilking investors out of billions. As a result of the guilty plea, Madoff faces up to 150 years in prison. He’s been called a monster, a crook, every name under the sun. People are wishing him dead, calling for him to take his own life for ruining the lives of others. Many watch the TV and I’m sure feel nothing but disgust for the man. Many imagining those poor people who trusted Madoff with their life savings, their children’s college tuition funds, their retirement savings. Charities are now bankrupt as a result. From the average citizen to the well know and the famous.

Many believe he was not alone in running the biggest Ponzi Scheme ever seen. They want to blame others, the SEC, his family, his business associates, anyone that may have aided Madoff in pulling this off. Let’s round them all up and make them pay. Send them all to jail. Justice for all the victims.

Well folks, I’ll tell you who the biggest co conspirators were in this scheme. The investors. They have no one to blame but themselves.

Yes, those poor people who lost their life savings, their kids college tuition, their retirement savings, the charities, the famous and the not so famous. They are as guilty as Madoff in their greed and their lust for the almighty dollar.

How, in God’s name, when the banks are giving minimal interest rates and the stock market is in such a state of upheaval, did these people not realize something was not on the up and up? Annual returns in the double digits, 1% a month? Give me a break. At what point do you realize this isn’t on the level? Those that were lucky enough to get out before the bottom fell out should be held just as accountable as Madoff. Make them pay. After-all, they only succeeded in turning a profit because there were those dumb enough to invest after them.

Without greed, a con man can’t prosper. Without greed we wouldn’t even know the name Madoff. Without greed, those “poor people” would not have lost their life savings. I really don’t have much sympathy for anyone involved. They are all to blame.

If it sounds too good to be true………………

Written by usa1968

March 12, 2009 at 6:57 pm

Posted in Greed

Tagged with , , , ,