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To: axial who wrote (108747)	2/23/2010 7:25:24 AM
From: John Metcalf	1 Recommendation Read Replies (1) \| Respond to of 116555

<Who'll be in charge of quashing? Government or private sector on contract?> We agree on the problem, and are searching for solutions. In regard to government, we have votes. In regard to corporations, we have, or can have voting shares. In corporations, any shareholder, even with a single share, can introduce a resolution for the annual meeting, which will be distributed to all the shareholders. It pains me that this right is regarded with such derision because it is the One legal right shareholders have. There is also the matter of government regulation for corporations and public contracts. I believe that we have many laws that would protect against the abuses we have seen, but they are not effective unless they are enforced. There has not been an effective administration (viz., un-bribed) to impartially enforce the law in many years. The SEC has been particularly derelict, to great loss. So what can we do? VOTE. Threaten elected officials OFTEN and ask your friends to do it too. Call them to demand change on regulatory matters. There are 300,000,000 of us, and only 535 members of Congress. If "we" decide to "quash" them, we have a numerical advantage of 600,000 to 1!

To: axial who wrote (108747)	2/23/2010 7:35:59 AM
From: Dan3	4 Recommendations Read Replies (1) \| Respond to of 116555

Re: Yes it would. Quashing all useless activity would be even better. To go further, this whole mess was caused by a lack of regulation. Massive frauds were perpetrated by the financial industry. Based upon the fraudulent data, homebuyers, municipalities, companies like Circuit City, and unions made some very stupid decisions. But don't place all the blame the patient if a crooked doctor insists that a pill he sells for $5,000 will cure their appendicitis, and the patient subsequently dies. It wasn't suicide, it was murder. And the perps are in the financial industry, not the homeowner's associations and union halls.