Even worse is, that they are allowed to do this with billions of borrowed / loaned money from banks, so in essence our money.
Watch the movie 'Inside Job' some time, if you haven't already. I don't wish to derail the thread, but that there isn't legislation preventing trading in derivatives and betting against poorly performing mortgages is just utterly ludicrous. Mutual funds aren't safe anymore.
"Often moments come looking for us". - Robert Frank
"Make good art!" - Neil Gaiman
"...the heart and mind are the true lens of the camera". - Yousuf Karsh
The people who got screwed are the 20% or 58 who lost their jobs at Harmon, that's not nice. I'd rather see some products cut and nothing new in the works than to see people lose their jobs.
This is how companies go broke, cutting product development instead of cutting people.
Having been in IT for 30 years I have been on the wrong end of this 4 times. 2 of those were clearly caused by another company doing better product development than the company I was with. Both of those companies survived because they took the hard road of letting people go. After every one of those layoffs I found a better job at better pay.
No one can complain unless there buying film in canada or a country in a similar position, FP4 at the largest photo chain in 120 WITH my student discount is over $6 per 120 roll, and thats one of the cheapest offerings. If I want to buy colour like provia 400 god help me. A 100 sheet of the cheapest ilford RC is $80 , and prices go up from that.
Its really tough, I love to support my local store, and they give me a decent discount which is nice, but even then im forced to support US stores often, unless I just want one or two rolls to test a new emulsion but the bulk orders where all the margin are is always through the states