Welcome to the new world, now that the stimulus package is damn near a law, we are saved. At least that is what we are all lead to believe. I damn near get a tear in my eye, one of them anyway, thinking about it, all this legal democratic process hard at work, or is it???
Let me just put this out there. Few years ago, our great, government created set of rules that we have come to know and love as SOX. These little rules govern our industry, ethics, bla bla bla. One of those rules state that if any board member signs off on a rule that they dont know about, they will be held responsible infront of share holders. Great rulle, its about time those over payed executives do something. So now we get to the point that i am trying to make. The new recovery program that is going to be signed into law is 8 inchess thick. That is 8 inchess of nice, fine print dictating how the 700+ billions will be spent. Out of all the senators and congressman how many of them actualy read the 8 inchess of papers that they signed of on? If this all goes down the drain, who will be held acountable?
Tuesday, February 17, 2009
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