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Stan Rogers
Joined: 20 Aug 2010
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 Posted: Wed Oct 22, 2014 6:53 am Post subject: |
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Yea and how many bankers went to jail and paid back all the money for the housing and banking collapses in the U.S.?  |
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jazzmaster
Joined: 30 Sep 2013
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| Posted: Wed Oct 22, 2014 7:00 am Post subject: |
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| Stan Rogers wrote: |
| Yea and how many bankers went to jail and paid back all the money for the housing and banking collapses in the U.S.? |
The point isn't that the US or other countries are free of greed or corruption. The point is that research has proven that greed and corruption are more prevalent in Korea.
Anyway, I wasted enough time on this site tonight. |
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Steelrails
Joined: 12 Mar 2009
Location: Earth, Solar System
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| Posted: Wed Oct 22, 2014 2:25 pm Post subject: |
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| jazzmaster wrote: |
| Stan Rogers wrote: |
| Yea and how many bankers went to jail and paid back all the money for the housing and banking collapses in the U.S.? |
The point isn't that the US or other countries are free of greed or corruption. The point is that research has proven that greed and corruption are more prevalent in Korea.
Anyway, I wasted enough time on this site tonight. |
If one is slightly less terrible than the other, that doesn't really give people from that country a leg to stand on when criticizing another country in a sweeping generalization.
In other words, the statement "This is what happens when you put old Americans (white guys?) in suits in charge of anything. Rampant corruption, cheating, and greed" holds just as much water as your statement, ranking be damned.
I would find such a statement irksome. Same as if you say it against Koreans. |
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Stan Rogers
Joined: 20 Aug 2010
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| Posted: Wed Oct 22, 2014 2:44 pm Post subject: |
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There is also the question of business culture. One culture's corruption is another culture's way of doing business. Who is determining what constitutes corruption? Is the statistic compiled as a percentage of total population or total amount of corruption? Countries with larger populations would have more cases of corruption so shouldn't they be the ones to clean up their act first before criticising others? Or is the measure based upon total amount of money used in a corrupt way or total percentage of money used corruptly? Or is it percentage of GDP used corruptly? In that case high tax countries would be more corrupt.
These stats that keep getting pulled out are just BS. The fact is that theft goes on everywhere. |
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atwood
Joined: 26 Dec 2009
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| Posted: Wed Oct 22, 2014 4:04 pm Post subject: |
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| Stan Rogers wrote: |
There is also the question of business culture. One culture's corruption is another culture's way of doing business. Who is determining what constitutes corruption? Is the statistic compiled as a percentage of total population or total amount of corruption? Countries with larger populations would have more cases of corruption so shouldn't they be the ones to clean up their act first before criticising others? Or is the measure based upon total amount of money used in a corrupt way or total percentage of money used corruptly? Or is it percentage of GDP used corruptly? In that case high tax countries would be more corrupt.
These stats that keep getting pulled out are just BS. The fact is that theft goes on everywhere. |
There's no pleasing the apologists. If you criticize you've overgeneralizing; if you then provide evidence it's just "BS."
Your questions can be answered easily; the methodology of statistical evidence is included on the websites providing such statistics.
As for the banks you mentioned previously:
| Quote: |
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. http://www.ft.com/cms/s/0/802ae15c-9b50-11e3-946b-00144feab7de.html#ixzz3GvCZOLyj
Wall Street banks and their foreign rivals have paid out $100bn in US legal settlements since the financial crisis, according to Financial Times research, with more than half of the penalties extracted in the past year...
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. http://www.ft.com/cms/s/0/802ae15c-9b50-11e3-946b-00144feab7de.html#ixzz3GvClMiIN
The milestone comes amid signs that banks’ legal costs could rise further, with a number of large banks still under investigation by the task force set up by Barack Obama in 2012 and the political backlash still under way.
During stress tests last week, the Federal Reserve found that the biggest banks could still face a further $151bn bill for operational risk, repurchasing soured mortgage bonds and dealing with the falling value of buildings they own. |
http://www.ft.com/cms/s/0/802ae15c-9b50-11e3-946b-00144feab7de.html#axzz3GvBY4ABO
But I guess that's BS or just a drop in the bucket. |
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KimchiNinja
Joined: 01 May 2012
Location: Gangnam
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| Posted: Wed Oct 22, 2014 10:41 pm Post subject: |
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| jazzmaster wrote: |
| The point isn't that the US or other countries are free of greed or corruption. The point is that research has proven that greed and corruption are more prevalent in Korea. |
Says some Western research, done with a Western definition of corruption? |
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atwood
Joined: 26 Dec 2009
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jvalmer
Joined: 06 Jun 2003
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| Posted: Thu Oct 23, 2014 3:27 am Post subject: |
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So, maybe Korea isn't the culprit in Tesco's murmurs of withdrawing from Korea. |
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crescent
Joined: 15 Jan 2003
Location: yes.
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| Posted: Thu Oct 23, 2014 3:37 am Post subject: |
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| KimchiNinja wrote: |
| Says some Western research, done with a Western definition of corruption? |
It must be thrilling for you to think you are so clever. |
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tophatcat
Joined: 09 Aug 2006
Location: under the hat
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| Posted: Thu Oct 23, 2014 4:58 am Post subject: |
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| Steelrails wrote: |
| jazzmaster wrote: |
| Stan Rogers wrote: |
| Yea and how many bankers went to jail and paid back all the money for the housing and banking collapses in the U.S.? |
The point isn't that the US or other countries are free of greed or corruption. The point is that research has proven that greed and corruption are more prevalent in Korea.
Anyway, I wasted enough time on this site tonight. |
If one is slightly less terrible than the other, that doesn't really give people from that country | | |
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