Comcast Awarded the Golden Poo Award 286
ISoldat53 writes "The Consumerist has awarded Comcast the Golden Poo award for the worst company in America. From the article: 'After four rounds of bloody battle against some of the most publicly reviled businesses in America, Comcast can now run up the steps of the Philadelphia Museum of Art and hold its hands high in victory — it has bested everyone else to earn the title of Worst Company In America for 2010.'"
Re:Well deserved (Score:1, Interesting)
Re:Surprise Surprise! (Score:2, Interesting)
only 1/2 the answer.... (Score:4, Interesting)
However, your post on this subject is only 1/2 of the story. It is a fact that the Community Reinvestment Act played a part in the loan debacle. Fraud also played a part but I don't hear you complaining about the "liars" who lied on their loan docs.
To explain "the great recession" without mentioning Fannie Mae and Freddie Mac role is disingenuous at best. And just so we are clear -- FNM and FMC are 100% government creations. Go read up on the history of those entities and then ask yourself: "does their very existence change the game?". Yes. Yes it does. I am not saying that is a good/bad thing. I am only saying that their very existence - by default - changed how the mortgage market works. I contend it changed the market for the worse because it gave people an abnormally low cost of capital.
I am hear to keep you honest, spun. You have good ideas and good replies.....but you need to be honest about both sides of the equation. It's not just "greedy, fat cat, republican bankers and politicians" that caused this mess. Plenty of misguided ideology is also responsible.
Re:OK, OK... (Score:4, Interesting)
Re:OK, OK... (Score:3, Interesting)
Thats funny. The democrats gave out just as much bailout money as the republicans,
[Citation Needed]
Strange. I don't remember the Enron bail out. How did I miss that one?
Re:Surprise Surprise! (Score:3, Interesting)
If FIOS is ostensibly available in our "area," but according to your system not available to our unit, does that mean we should push the owner of the house? Or is it likely a neighborhood by neighborhood buildout question?
Re:only 1/2 the answer.... (Score:3, Interesting)
So you say, the CRA gives them the option of partaking in risky loan programs (thus inflating the housing bubble) or taking a bad federal rating (thus causing the bank to lose business and reputation), but somehow that did not contribute to the financial clusterfuck that we're in today? Sorry, I was taking you seriously up until this point but now you just seem radical.