akapital

Big Money Managers Should Hold Some Responsibility for Bank Failures

Great points overall. I agree that fiduciiary responsibility to shareholders have failed and moreover have been misunderstood.

The responsibility should not simply be in the best financial interest of its shareholders at all costs. That mentality is what results in excessive risk, fraud, as well as environmental and general health viloations. This is why we have so many companies lobbying for all sorts of legislation and asking for regulation to turn the other way.

Rather instead each company should be striving to make a superior product for its customer. Balancing risk and reward, health, safety, and functionality. This is how a company can best reward its shareholders and the greater society which encapsulates it.

But there are indeed shareholders out there who see this otherwise and as long as there are there will always be such opportunities for them. The market will sort out who will survive. Given recent events I think the demand for greater risk/reward at the expense of responsibility will wane. But what do I know...I'm just a kid from Brooklyn.

Banks: Nationalize, Cleanse and Get It Over With

what do people think about letting people borrow against their Social Security?

What it effectively does is used future soc sec entitlement as default insurance and would get a serious injections of money into the economy. So when people are paying off their house they are also putting money back into their retirement?