I believe, in addition to empowering regulators with new and improved authority to watch over our Nation's financial health, we should also empower the owners of these companies to have more control and to align management interest with long-term shareholder value.
Kanjorski emphasizes the need for regulatory reform and shareholder empowerment.
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Could we knock those words out of our vocabulary? It is going to happen again regardless of what we do.
If we are going to let entities get so big with so many counterparties, then we have to have a regulator.
I have never seen anything in the world more devious or backdoor to come in to Federal regulation than doing it this way, and with the least amount of real direct effect.
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