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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (4995)	3/30/1999 3:31:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 81824

What does accountability have to due shareholders of the 12 district banks? The banks as a whole are accountable to the Congress, Congress to the people. Seem to work well for most people. Finding out who the shareholders are serves no value. Not saying that anyone should stop finding out who owns what. But when you do, what are the benifiet? Knowing that I own 2% of the company you are on the BoD for, helps you how? As a BoD, you are responsible to the shareholders, not the SEC. The shareholders of the district banks are acting as a proxy for your interests and theirs. But they only profit at 6%. Shall the SEC question your actions, as congress does the FRB's then you are brought in front to be questioned. FOMC comes to mind. "As for the FRB doing nothing with the stock, then why not open it up to outsiders so we can all participate?" Why? Not all things are open to investors on the stock exchanges. I'm sure you've seen some of the equity offerings where you have to be a resident of a province or state to take part in it? Why not open that to all investors? Many times scale of size and illiquity are more important then having all the ponzi's on board. So what's your point? "Certainly it matters who owns the stock and what the majority stockholders do with their stock is of such significance that disposition and acquisition of same is regulated by the SEC in publicly held companies." Participation is forced, not volunteered