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Wells is a Republican, naturally, and worked with the Bush/Cheney and McCain/Palin campaigns. He's also the Chief Executive of the George Research Alliance, a marriage of businesses, universities and state government which transfers Georgia tax dollars to corporations for "research."
Party affiliation means little where malfeasance is concerned.
Under who's administration was Sun Trust bailed out?
Party affiliation means little where malfeasance is concerned.
Under who's administration was Sun Trust bailed out?
When malfeasance is defended by a party, it's clear to me that affiliation is very relevant.
Quote:
Originally Posted by Frank DeForrest
Governments fault.
Which one? The shadow think tank government, or the people whose strings they are pulling that aren't allowed to write laws applicable to think tanks? So says the think tank programed SCOTUS. Because, you see, the magic corporation, that alternative reality identikit Harvey the Rabbit, is mysteriously never responsible for anything, yet controls all things.
When malfeasance is defended by a party, it's clear to me that affiliation is very relevant.
Happens here both ways all the time.
Quote:
Which one? The shadow think tank government, or the people whose strings they are pulling that aren't allowed to write laws applicable to think tanks? So says the think tank programed SCOTUS. Because, you see, the magic corporation, that alternative reality identikit Harvey the Rabbit, is mysteriously never responsible for anything, yet controls all things.
Defending a government that has done nothing to address the malfeasance and rather continues to feed it is as big of a problem.
Oh, and if STI would pay off the $4.85 billion in bail out "loans," it would decimate whichever pensions and 401k's hold STI shares as an investment.
People don't understand that if the TBTF banks go down, many of them will have their retirement funds wiped out. Why do you think the Federal Reserve has been running the printing presses non-stop? They don't want a full-on riot when everyone figures out much of the money lost was theirs.
Oh, and if STI would pay off the $4.85 billion in bail out "loans," it would decimate whichever pensions and 401k's hold STI shares as an investment.
People don't understand that if the TBTF banks go down, many of them will have their retirement funds wiped out. Why do you think the Federal Reserve has been running the printing presses non-stop? They don't want a full-on riot when everyone figures out much of the money lost was theirs.
More watering down of the moral hazard. If people lost the money they would quit handing out millions in pay with no accountability.
Because most shareholders don't attend meetings. They give their proxy to whomever is recommended to them. Who makes the proxy recommendations?
You can certainly vote and mail it in. I never sign away my vote to a proxy.
I do read over the material and see which way the board recommends and then do a bit of research myself. Every shareholder gets to vote..you give away your vote then don't go crying later on about the results.
More watering down of the moral hazard. If people lost the money they would quit handing out millions in pay with no accountability.
Exactly. Why do you think Congress went against the public's wishes on the bailout bill? Sentiment was running 300 to 1 AGAINST the bill. Millions of calls and letters were sent to Congress BEGGING them to NOT pass the bailout bill.
They passed it anyway. They were afraid of what would happen if millions of people found out their pensions and retirement investments had been wiped out.
Because most shareholders don't attend meetings. They give their proxy to whomever is recommended to them. Who makes the proxy recommendations?
No passing the buck. Shareholders can mail in their ballots. I do it all the time.
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