Friday, December 16, 2005

Trust in One Cent

If you read the latest comment from the retiring Ryanite Alan Greenspan, he said, "the biggest cloud over America financial system is: trust, the present lack of thereof is troublesome."
The lack of trust is driven from the corporate boards feud to add one more cent per share to their earnings, just for the shake of sharing it among themselves.
Thus the linkage.
As side note, today the media covered the salaries of corporate board members has reached a all time high, included poor attendance records with astronomical give aways. Such arrogance with self-dealing is not healthy and the future price is too high and surely will back fire the hard way.
Gretchen Morgenson in the New York times has done a laudable job uncovering born or to be born crooked accounting techniques and its perpetrators in a few cases wanabes perpetrators.

There is too much infatuation with the money of corporatism and the new royalty it has created, as all monarchies, they become abusive, as we are seen today in Washington DC, and eventually if people are healthy and understand the ludricous behavior, the spade of Damocles and the wrath of Gods will come to demand their share of justice.

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