What I am scared to death about is that for energy companies and related industries, all of a sudden, the political risk in the United States of America is higher, is worse, is more threatening than it is in West Africa or a lot of other places in the world, and that is quite a comment.
Vitter expresses concern over increasing political risk for energy companies in the U.S.
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I think it was really, unfortunately, underreported in the national news for various reasons.
Why isn't this crystal clear proof that an entity as big as Wells is not only too big to fail, but it is too big to manage and it is too big to regulate?
We need tough new laws to hold corporate executives personally accountable, and we need tough prosecutors who have the courage to go after people at the top.
The only way that Wall Street will change is if executives face jail time when they preside over massive frauds.
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