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Lehman's Troublesome Last Days
Isn't it time the system went in for some much needed repair?
Due diligence and oversight long ago slid out the window. No one was watching.
Time to do something about it.
Here's a huge one they all missed.... The dramatic change that swept through all of North America's boardrooms over the past 30 years. It is one of the underlying causes of the headache the economy is now feeling, but more importantly, it has resulted in the general feeling of "disconnect" by most Americans.
"WE THE SHAREHOLDERS OF YOUR COMPANIES......
pacificgatepost.blogsp...
Wall Street Breakfast: Must-Know News
And as usual the taxpayer is on the hook in the biggest bailout ever, and forever after that as more bailing is required.
WHERE IS CONGRESS ON THIS?
The best we hear from it is related to suggesting reduced severance packages for outgoing executives? How limp.
How about a thorough analysis into the self serving actions of these institutions? Taxpayers deserve no less.
How ironic that the biggest Government INTERVENTION in history is being implemented under Bush’s watch, after his policies stimulated and allowed the abuse.