Congress, bought and paid for
Three dozen of the largest US banks and the groups who represent them increased spending on lobbying Congress by 19.3% last quarter as fears of a banking contagion spread.
Not much chance of a new Glass–Steagall Act then!
Time to pile into banks, the all clear signal is finally here.
Who is usually 6 months early
I for one believe in incentivizing people.
Every time there is a shareholder proposal to require a company to disclose who it bribes, why, and how big the bribes are, management insists who it bribes and why, is none of the shareholder’s business…which flies in the face of the “Citizens United” decision that the CEO is the spokesman for the group, because the CEO is acting without the informed consent of the other stakeholders he supposedly is representing.
“An organized and coherent minority is usually stronger politically than a disorganized and divided majority.”
Hard to believe that shareholders, consumers, or general citizens would do anything on this. There needs to be a motivated group to counter-balance instead.