Friday, June 18, 2010

Robert A.G. Monks discusses Financial Reform legislation

Robert Monks discusses the financial reform legislation now before Congress in this clip below. He seems to feel now was the moment for nationalizing corporate governance laws, and that the moment is being lost. What we have now, in his words, "is a race to the bottom".

My favorite line from the clip is, "I have to say that if the answer is the SEC you've asked the wrong question."

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Foot Quotes

"Ignorance more frequently begets confidence than does knowledge"

Charles Darwin