3 ms·

Are we ready to remember Chase owned assets smuggling cocaine?

• jcims 6y ago
  I don't understand this 'past sins' accounting in the thread. It's not 'wolf of main street' for a reason. Sure there are the bean counters in banks, but they also hire people on the ragged edge of sanity in risk management, making giant bets on incomplete information and parlaying those into more bets before the grand settling comes around. It's like those old-school cartoons of someone running across a footbridge just fast enough to stay ahead of its collapse. The idea that a few of them aren't going to break some laws is kind of laughable. The only problem is whether or not they are penalized.
  • _eht 6y ago
    What is accounting without a history to account for? It’s a part of their living history, similar to Quaker Oats having a history which includes participating in the Manhattan project. I guess I don’t understand why we’re discouraged from including history when we talk about living and breathing companies. Should it be saved for when the company no longer exists? How do we make them accountable when they are gone?