So, Do We Own Fannie and Freddie or Don't We? [View article]
I believe at the slightest hint of trouble the Feds should require upper management of a Federally backed financial institution be forced to step down and be replaced with new management not previously associated with that institution.
This would force the new management to dig deep into the organization and clean up any problems (and people) which they had no part of creating. The new management would be rated on the performance of the company after a reasonable period of time.
So, Do We Own Fannie and Freddie or Don't We? [View article]
This would force the new management to dig deep into the organization and clean up any problems (and people) which they had no part of creating. The new management would be rated on the performance of the company after a reasonable period of time.
Ready To Roar - Cramer's Mad Money (9/12/08) [View article]