Is creating a situation for suicide or bad fate not as bad as murder?

@vandana7 (99067)
India
March 2, 2024 1:00am CST
I have often thought that people who commit financial crimes like those of Lehman Brothers, and all the analysts who get bullish or bearish for no valid reasons need to be tried for multiple murders. I know lawyers will argue that people should have known better, and that it was their greed that brought them to streets. For starters, when a doctor prescribes medication, few of us would go to the net to verify whether it is the right medication for our symptoms. So does buyer beware apply here? I don't think so. Then, the medicines we buy, can we know the exact composition by testing in our own personal lab? Should we or not trust what is mentioned on the cover? It goes without saying that professional qualifications, such as those of physicians, engineers, and accounts professionals come with inbuilt .."trust them blindly" stamp. So yeah, those analysts who gave those glowing reports of various investments, then become liable for murders, whether the person investing and losing monies, commits suicide or not. Especially, those who end up on streets, because their entire future is lost, and so also that of their children. When children face bleak future, they do get into flesh trade, and possibly die of AIDS or whatever. They also turn to unsocial and unlawful activities, like drug peddling to feed themselves initially. Such things lead to deaths of others, and that is a huge chain...of repercussions. Given such aftermath, I felt those responsible for what followed Lehman Brothers fiasco, got off cheaply. Very cheaply. This morning Indian Sensex is near 74000. I should be happy looking at my portfolio. But my mind tells me, hey, this is too much, didn't I peg it near 69000 to 70000 by end of March, 2024. When fancied scrips fall, the ripple effect hurts even the genuinely performing scrips. One never knows who needs money at what time, so the impending fall may redo what happened during Lehman Brothers time.... To Indians, don't get euphoric. The P/Es are mind boggling, may be three years forward. Hold your horses, by next June, picture will be clearer. To Indians and others, do you think Financial professionals should be punished as severely as the medical professionals or civil engineers for death of people or financial devastation of people?
9 people like this
8 responses
@LindaOHio (158221)
• United States
2 Mar
Absolutely. I totally agree. Have a good weekend.
2 people like this
@vandana7 (99067)
• India
2 Mar
Why is it that we agree on most points? :) Hope your reports are better and your husband is also feeling better. Hugs.
2 people like this
@vandana7 (99067)
• India
2 Mar
@LindaOHio Yeah...considering that he has fractured hip. You take care sweetie. He must feel happy seeing you or listening to you.
2 people like this
@LindaOHio (158221)
• United States
2 Mar
@vandana7 He's much better mentally. He is in pain though.
2 people like this
@wolfgirl569 (96282)
• Marion, Ohio
2 Mar
Everyone needs to be responsible for what they do
2 people like this
@vandana7 (99067)
• India
2 Mar
It did not happen, did it? Even in America.
2 people like this
@wolfgirl569 (96282)
• Marion, Ohio
2 Mar
@vandana7 Not even here
1 person likes this
@jstory07 (134989)
• Roseburg, Oregon
2 Mar
I think you need to check your money situation all the time. Keep track of what you have . When a Doctor gives you medicine you should read up on the side effects. I do not take any meds but if I did I would check them all out.
1 person likes this
@vandana7 (99067)
• India
2 Mar
So if you gave a contract for building construction would you check every nut and bolt? If you buy a car, would you check every nut and bolt? Would you check every nut and bolt of the plane you travel in? The point I am trying to make is....there are areas where we repose trust. We trust that a professional was there to ensure everything is in order and no possibility of accidents are there. Similar onus should fall on financial professionals, isn't it? After all, the ramifications of their wrong actions are huge.
1 person likes this
@jstory07 (134989)
• Roseburg, Oregon
2 Mar
@vandana7 My first husband did construction so yes I check everything when I look at a house to buy and when I buy a car I check the car out. I check out all of our investments. I do trust other services that I know nothing about to do their job right.
1 person likes this
@LeaPea2417 (36573)
• Toccoa, Georgia
2 Mar
Yes they should be punished severely.
1 person likes this
@LeaPea2417 (36573)
• Toccoa, Georgia
3 Mar
@vandana7 very well explained.
1 person likes this
@just4him (308286)
• Green Bay, Wisconsin
2 Mar
I don't know the situation, but everyone needs accountability for their actions.
2 people like this
@vandana7 (99067)
• India
2 Mar
You and I think so much alike Valerie...
2 people like this
@just4him (308286)
• Green Bay, Wisconsin
2 Mar
@vandana7 Yes, we do.
2 people like this
@dya80dya (34064)
2 Mar
I think that people who harm others should be punished.
2 people like this
@vandana7 (99067)
• India
2 Mar
In this case, it is hefty commissions and pay for giving glowing reports, which sorta induced others to invest.
1 person likes this
@BarBaraPrz (45653)
• St. Catharines, Ontario
2 Mar
You have a point.
1 person likes this
@vandana7 (99067)
• India
2 Mar
Inducement is wrong. When the finance professional becomes greedy and is willing to induce others into investing safeguarding self with that "mutual funds are subject to market risks, do your research", it does feel they failed the country and economy apart from those people who trusted them. Breach of trust. It is happening right now in Indian markets I feel. Scary.
1 person likes this
@JudyEv (326579)
• Rockingham, Australia
3 Mar
I think they should be punished. They certainly ruin a few lives from time to time.
1 person likes this
@vandana7 (99067)
• India
3 Mar
Only 7 convictions Judy. Many participated. Directly or indirectly. Knowingly or unknowingly. Including people on the top. The foundation for the impending crisis was laid I think during Greenspan's era, and Bernanke inherited the problem so to say. So many lives disrupted.
1 person likes this