Response: Allison Ray: Shipping

Have you ever gone to buy something online, and once you see the shipping price decide not to buy it anymore? Are you more likely to search for a product offered on a website with free shipping site wide, rather than a website not offering free shipping site wide?

i personally do a lot of online shopping just because i think its quicker and easier. i usually tend to find items with free shipping or i come across certain deals where if you spend a certain amount then they will include free shipping. if i want to purchase an item and the shipping charge is a ridiculous amount, then yes i will try to find another site where i can get it cheaper but if i feel the product id of less quality then ill go ahead and pay for the shipping.  

Government regulation

Do you believe self regulation is more or less effective than governmental regulatory agencies?  Why?

Not necessarily, i feel that government agencies are necessary when dealing with regulating large financial structures. Matt brought up a good point when he talked about the case of the large bank HSBC and money laundering situation. The international bank admitted to laundering money for drug cartels, organized crime, and others.  The bank was forced to pay a large fine $2 billion and a managers have been fired.  Although the government does have regulation on banks many time that regulation fails to work,  when this happens and people, like those at HSBC, are left to  regulate themselves.  although not everyone is going to take advantage or break the rules when no ones looking, there are those who will and for that reason the government needs to regulate some organizations. Alot of large financial companies have problems like this as well. major CEO's will pay off government agents in order to get away from the problems they may have.

Do you think the fine on HSBC and more government regulation will stop something like this from happening again?