once again staring us all in the face. The CEO's and boards of directors for the institutions that are "all of a sudden" in trouble to the point they are on the brink of bankruptcy???? That is just not the way it works, especially when we are hearing from top tier financial institutions.
Having been responsible for corporate assets in a fortune 500 company, knowing the reporting and reviews that take place, knowing the planning, re-planning and follow up that takes place when ever the ship might get pointed in the wrong direction....all to make sure it gets back on financial course. THERE ARE NO SURPRISES of the magnitude we are seeing and hearing about today. Just go back to the last quarterly statement....or the last annual report...if there is no evidence or discussion in the CEO/President report on the state of the business, then one has to wonder if there was manipulation.
What other explanation could there be. I am sure there are those that will attempt to describe the current housing debacle or something else that came up quickly. I don't but that from top tier, supposedly world class organizations whose primary business is MONEY!!!!!!!!!!!
These people are not only NOT being taken to task for their so called failing company, they are still getting multiple million dollar bonuses.
Now if Congress want to work on something
let them investigate the real problem.
Our country is being allowed to wallow in it's own messes due to lack of accountability and number one on the list is Congress....they do and accomplish nothing and are held accountable for what?
Can you tell this is among my favorite subjects
BTK