Comments on: Fading crisis should galvanize bank boards http://blogs.reuters.com/breakingviews/2010/02/08/fading-crisis-should-galvanize-bank-boards/ Wed, 22 May 2013 21:12:54 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: norka http://blogs.reuters.com/breakingviews/2010/02/08/fading-crisis-should-galvanize-bank-boards/comment-page-1/#comment-1733 norka Tue, 09 Feb 2010 20:17:40 +0000 http://blogs.reuters.com/columns/?p=2378#comment-1733 I just have one question of which no one seems to answer to my satisfaction. Since the President bailed out several banks and businesses with $787 billion and it really hasn't affected most of the people in the country, why didn't he just give everyone 18 and over 1 million and saved all those billions of dollars? I am sure that this would have spurred the economy in a way that would have everyone involved---even those who went bankrupt. Seems sort of simple and a damn sight cheaper. I'm sure there is reason for why this approach wasn't taken ---I would like to know why it wasn't? I just have one question of which no one seems to answer to my satisfaction. Since the President bailed out several banks and businesses with $787 billion and it really hasn’t affected most of the people in the country, why didn’t he just give everyone 18 and over 1 million and saved all those billions of dollars? I am sure that this would have spurred the economy in a way that would have everyone involved—even those who went bankrupt. Seems sort of simple and a damn sight cheaper.

I’m sure there is reason for why this approach wasn’t taken —I would like to know why it wasn’t?

]]> By: Doherty http://blogs.reuters.com/breakingviews/2010/02/08/fading-crisis-should-galvanize-bank-boards/comment-page-1/#comment-1731 Doherty Tue, 09 Feb 2010 13:39:08 +0000 http://blogs.reuters.com/columns/?p=2378#comment-1731 The regulators are the credit rating agencies. Nary a peep out of them since their worthless ratings during the crash. Unlike Andersons competitors after Enron, there seems to be little appetite to uphold their belief in backing up their responsibilities. They are not constrained by politics nor lobbyists and as we can see from the forex/bond ratings, their decisions hold weight. The crucial question- can we see past short-term issues? Regulators and Public servants can but they do not make the laws that are to be enforced or told to ignore. Like Climate Change, the public is willing to make small changes but not the profound ones -after all its their kids who will inherit the mess. The regulators are the credit rating agencies. Nary a peep out of them since their worthless ratings during the crash. Unlike Andersons competitors after Enron, there seems to be little appetite to uphold their belief in backing up their responsibilities. They are not constrained by politics nor lobbyists and as we can see from the forex/bond ratings, their decisions hold weight. The crucial question- can we see past short-term issues? Regulators and Public servants can but they do not make the laws that are to be enforced or told to ignore. Like Climate Change, the public is willing to make small changes but not the profound ones -after all its their kids who will inherit the mess.

]]> By: Soothsayer http://blogs.reuters.com/breakingviews/2010/02/08/fading-crisis-should-galvanize-bank-boards/comment-page-1/#comment-1730 Soothsayer Tue, 09 Feb 2010 13:35:55 +0000 http://blogs.reuters.com/columns/?p=2378#comment-1730 Alternatively, the justice system could enforce laws against fraud. Alternatively, the justice system could enforce laws against fraud.

]]> By: lct23838 http://blogs.reuters.com/breakingviews/2010/02/08/fading-crisis-should-galvanize-bank-boards/comment-page-1/#comment-1729 lct23838 Tue, 09 Feb 2010 11:54:42 +0000 http://blogs.reuters.com/columns/?p=2378#comment-1729 We should change the way board member are selected. As you mention that "directors who ask too many tough questions soon aren't invited ". That is the problem. That problem can be solved if several borad members are selected by 20 or 30 biggest share holders. We should change the way board member are selected. As you mention that “directors who ask too many tough questions soon aren’t invited “. That is the problem. That problem can be solved if several borad members are selected by 20 or 30 biggest share holders.

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