Fiduciary Responsibility

FIDUCIARY RESPONSIBILITY

As banks, insurance companies, automakers, and other entities continue to fall apart, our government has thrown taxpayer money and backing to these institutions. These companies continue to fail as our money disappears into these black holes. The leadership of these companies CONTINUES to hide most of what they do with this money, in spite of the demand for transparency and the fact that most of them are public companies. When some light IS SHED upon this largesse, it turns out that they are handing out bonuses to themselves or shoveling the money back and forth to other institutions. The one thing they are NOT doing is helping the economy.

YET, FIDUCIARY RESPONSIBILY IS NEVER MENTIONED!!! The CEO’s, Senators, Congressmen, Bush Administration, Obama Administration, business channels and pundits mention nothing of it. The all wring their hands bemoaning how this money is doled out in bonuses, jets, etc., yet can do nothing about it except protest impotently.

FIDUCIARY RESPONSIBILY IS THE FUNDAMENTAL BEDROCK OF OUR ECONOMY. I would think that in the piles of laws upon which our country is founded, there SHOULD be PLENTY OF POWER to protect our country from this travesty. BOTH THE TAXPAYERS AND THE SHAREHOLDERS EXPECT THAT THEY CAN TRUST NOT JUST IN GOD, BUT IN OUR LEADERSHIP!!! That trust is broken!

The assets of those accountable should be seized. The persons involved should be jailed. The evidence is obvious. We know where the buck stopped and those who stopped it. Business leaders and political leaders…look in the mirror.