Amy,
I take it you don't agree that the primary motivation for the terrorist warnings was political? <g> That's OK, most folks don't want to believe that the politicians put their own personal agenda ahead of what's best for the public. I have a hard time understanding it myself.
The flip side of the coin is that the Democrats are over-shooting on corporate governance, and in this environment, the Republicans, politically, can't make a stand. At this point you have a hand full of companies that have been way over the ethical limits. By the date when the CEO's have to sign off on their SEC filings, you may have two hands full. It will be a minuscule percentage of the total public companies, but the new rules will scare the crap out of all CEO's, make them less inclined to take risk. A good thing?, open to debate.
The new laws make it much, much easier for shareholders/lawyers to file class action suits, the local AG's to file criminal complaints, and to send the CEO's to jail for up to 20 years. Is that a big positive for the economy? How do Barrett or Ruiz react to that?
We seem to be digging a deeper and deeper hole. And, IMHO opinion, the politicians have the shovels.
John |
