"Menis - the author translates as "indignant rage" - It is the kind of rage arising from social betrayal that impairs a person's dignity through violation of "what's right." (p21), Achilles In Viet Nam - Combat Trauma and the Undoing of Character, Jonathan Shay, M.D., Ph D.
"The vulnerable association between child and parent is a metaphor for the association between a soldier and his army. It is also more than a metaphor when we consider the formation and maintenance of good character. The parents betrayal themis - (the quality to feel good about oneself , self esteem, self image) - through incest, abuse, or neglect puts the child in mortal danger. Despite intellectual limitations, the small child commonly grasps the danger, although the child's mental representation of the danger differs from adults. The child's inner sense of protection in the world emerges from the trustworthiness, reliability, and uncomplicated competence of the family.
"Similarly, the child's acquisition of self-control, self esteem, and consideration of others depends upon the family. Absent inherited mental disorders, good parenting will yield good character and all the other adult resources of dignity and maturity, including ideals, respect for others, self respect, ambitions, self-care, pro-social rather than anti-social activity, reliable capacity to distinguish reality from fantasy, and so forth.
"Lurking behind these supposedly located truths is the platonic assertion that good character is a firm wall between a good person and evil acts, regardless of the betrayals of "what's right" and other blows, such as bereavement that may plainly happen to an adult. Often there is the indiscernible unstated assumption that those that hold power in society exhibit loyalty and care in fulfillment of themis. (p 32)
"If military custom tells soldiers that their emotions of love and grief - which are inseparable from their humanity - do not matter, then the civilian society that has sent them to fight on their profit should not be shocked by their "inhumanity" when they return to civilian life. (p 67)
"Viet Nam narratives review that the events that drive soldiers berserk are betrayal, insult, or humiliation by a leader; death of a friend-in-arms; being wounded; being overrun, surrounded, or trapped; finding dead comrades who have been mutilated by the enemy; and unexpected deliverance from positive death." (p 80)
Even in families without children the parents are leaders. Parents make financial decisions that impact the time to come of their children, their stature in the community, self worth, and dignity. There is nothing dignified about the effects of predatory financing. Yet there is an preliminary assumption that those who impact the reputation scores of Americans are exhibiting loyalty and care in fulfillment of their chosen occupation. Americans believe our laws and regulations such as Regulation "Z" protect their rights. There is a strong confidence that the law will work.
The economic downturn of 2000 through 2002 is firmly grounded in buyer spending and buyer debt. The real estate boom infused more disposable wage into the economy. Exportation of manufacturing and services sector jobs to foreign countries, plus the huge trade deficit add to our woes. In early 2003 the federal allocation deficit and the threat of war add to troubled economic times. Bankruptcies achieved report high levels. However, as with history and military battles, we must learn from the past to see the time to come and prevent time to come mistakes.
William F. Aldinger started his work with CitiGroup, learning speedily that sub-prime financing in the CitiFinancial subsidiary was a lucrative business. After leaving Citi, Aldinger went to Wells Fargo, and then to Household International as Ceo. All three fellowships are now classified as predatory financing companies, and all three have been forced to conclude with the states, government, and consumers. Household restated wage for the entire time that Aldinger was with the company. Hsbc has a four year trade with Aldinger to continue as Chairman and Ceo of Household under Hsbc, and then he will become chairman and Ceo of Hsbc North America, Inc and director of Hsbc Holdings. The past tells us the future. Hsbc contends that there will be no changes to their company model. Therefore it is safe to predict that Hsbc will become the largest global predatory lender ever witnessed by a civilized orderly society.
Those that managed to delude themselves into mental they are financiers providing a assistance to society, while masquerading as predators, argue that they are servicing a sector of society that would otherwise not receive adequate attention. Countering that argument, the society Reinvestment Act perhaps should be revisited and strengthened. perhaps federal and state governments should take off predatory abilities from the hidden sector while providing buildings and funding. Americans should not be abused by a law that is failing.
Historically, if we use the actions of predators to show us what areas need reform we can reverse the economic downturn we see today. Just like gangs, organized crime, and similar activities, the government should look for the cause of the problem while instituting prevention and removal of the opening for predators.
Credit cards are responsible for a huge measure of American debt. Easy reputation and the need for reputation is thinkable, in today's society. Again predators have an opportunity. Household International provides financing for, and ongoing compensation to merchants under their existing contracts. Again, there is an preliminary assumption that those who impact the reputation scores of Americans are exhibiting loyalty and care in fulfillment of their duties, that they will ensue Fair reputation Reporting and Fair reputation Billing, etc. With over twenty million transactions a day, and over sixty participating merchants, Household International impacts the lives and house values of many taxpaying Americans every day.
Consumer watchdog club Household Watch receives buyer complaints daily. Based on their web site log statistics Household Watch only receives complaints from 5% of those who visit. Many others get the data they need from their web site data. Over 400 people per day use the Household Watch web site to find links which enable them to pay their bill online.
The Federal Trade Commission, therefore, recognizes Household Watch and sister site BestBuyCard as a source of buyer help. Where predators see an opening the government should step in to stop them. When the government does not step in, buyer organizations step in to fill the gap. We sincerely hope, therefore, that the buyer organizations will be heard a loudly as the predators and the government when decisions are made. They speak for the public, with emphasis on the social that experiences violations of regulation "Z" and other areas where they thinkable, extra trust and confidence.
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