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View Diary: White House plans to force BP to set aside money to pay damages (272 comments)

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  •  Blood money (2+ / 0-)
    Recommended by:
    HoundDog, Tropical Depression

    We all need to be aware of and take responsibility for the investments we make.

    Anyone funding oil companies should know exactly what they're doing and the risk they're putting us ALL at.

    Save the parrots: Drink shade-grown coffee!

    by oscarsmom on Sun Jun 13, 2010 at 02:53:51 PM PDT

    [ Parent ]

    •  And stockholder have to assume responsibility for (0+ / 0-)

      the quality of the management and policies they elect, and tolerate in their management.

      If BP is held accountable here, stockholders the world over, will start asking their managements more pointed questions about their maintainance, training, safety and other programmes.

      The means is the ends in the process of becoming. - Mahatma Gandhi

      by HoundDog on Sun Jun 13, 2010 at 06:21:57 PM PDT

      [ Parent ]

      •  Good point, but difficult. (1+ / 0-)
        Recommended by:
        HoundDog

        Investors with less than $10,000 to invest in stocks sometimes found it more lucrative to invest in stocks indirectly through a mutual fund or an investment club, since a 5% fee on the $10,000 beat choosing 30 stocks and paying commission on each.  Until 2008, it could even be believed that trained fund managers were better than Donkey Raffles [1] at picking stocks.  

        The problem is that the proxy to determine management usually devolves upon the mutual fund manager, who has been well-indoctrinated in the mores and norms of Wall Street.  There are a variety of ethical funds available, upon which I am not qualified to comment.

        I've heard about $7 trade services, but not enough to recommend for or against.  

        [1] A charming Midwest tradition in which a well-fed donkey is guided to a lot divided into a grid, then allowed to wander.  The square on the grid that receives the first donkey poop is the winner.  

        2009: Year of the Donkey. Let's not screw it up.

        by Yamaneko2 on Mon Jun 14, 2010 at 01:09:47 PM PDT

        [ Parent ]

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