Search This Blog

Thursday, June 17


Reform bill changed at the last minute.

The Senate in its less than finite wisdom caved to someone (?) and changed the bill that would help reform the finance racket, er, industry. It seems at the proverbial last minute, language was changed to make it nearly impossible for common investors to vote for the CEO and Boards of Directors unless they owned AT LEAST 5 percent of stock.
As is mentioned in the article, virtually no common shareholder has that kind of percentage. Therefor, the only ones who can vote for a CEO or put members on a board are probably the ultra wealthy or are already board members. Dodd (asshole - Ct.) changed the wording in response to pressure from an unnamed source. More than likely the source was a janitor in the White House!

(head still intact!)

No comments: