MB Civic

“[Obama] provides Washington aspirins for Wall Street brain cancer … The President’s plan omits, (1) strong antitrust enforcement, (2) tough corporate crime prosecution, and (3) more authority for shareholders, who own their companies, to control their hired bosses. The plan should have included giving shareholders the decisive power to set executive compensation-the perverse compensation incentives helped push companies to wild speculation … What about sub-prime mortgage securities? Banks would be required to retain just a five percent stake before handing them off to other syndicates. This hardly is enough to induce prudence by banks selling these mortgages to impecunious home buyers” – Nader .. read more