Reflections

– About banks not paying the fines for their crimes but society paying instead
– About the miracle of being alive
– About nails and hammers
About banks not paying the fines for their crimes but society paying instead

Those who have to be penalized are the board members that establish the incentives and internal processes which prompt the irresponsible behavior. And if the incentives and processes lead to responsibility, those who have to be penalized are the employees who violate these processes. And if there are groups of shareholders who own a large part of the banks and have the power to choose the managers and influence decisions, then these have to be punished as well. And if the members of Ethics, Risk or Compliance Committees do not do their jobs, then they also have to be penalized. This way there would be a correlation between irresponsibility and punishment, unlike now that employees and managers take the bonds and society pays the fine. Benefits are privatized and costs are socialized.

Antonio Vives

[More information->http://cumpetere.blogspot.it/2013/01/basta-de-ponerles-multas-los-bancos.html]

About the miracle of being alive

Don’t spend your whole life crying over what you’ve lost, start over. Living is what matters, and you cannot live yawning or crying or complaining. You have to live to the fullest because being alive is a miracle, kid.

José “Pepe” Mujica

About nails and hammers

Just because we have the best hammer does not mean that every problem is a nail.

Barak Obama