| Are there no adults to supervise the corporate playgrounds and teach such concepts as humility, sharing and common decency? In a word, no.The tale of boardroom coziness between directors and the bank bosses they supposedly govern was revealed in the disastrous Wall Street crash of 2008. Far from providing any reasonable restraints, few board members had questioned the casino games the banks were running, and fewer yet objected to giving reckless bankers billions of dollars in unwarranted bonuses.Now, after the collapse, what has changed? Nothing. One survey of nine of the big banks we taxpayers bailed out shows that 2/3 of their failed board members are still there, and once again, they are shoveling inexplicably huge bonuses at the same old CEOs, who have returned to playing the same old casino games that caused the crash.A system that enriches executive elites while crushing the middle |
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At www.truth-out.org
At www.truth-out.org
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