Banks Gone Wild

The subprime crisis and the credit crunch are, in an important sense, the result of our failure to effectively reform corporate governance after the last set of scandals.

John Edwards recently came out with a corporate reform plan, but it didn't receive a lot of attention. Corporate governance still isn't regarded as a major political issue. But it should be. Full Story »

Posted by Julian Friedland

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Review

Linda Raiteri
4.2
by Linda Raiteri - Oct. 1, 2008

Since the corporate person, with the consent of the American people, is rewarded for "looking good", while neither doing good nor doing well, major changes in corporate governance need to be imposed. Krugman says it well and without referring to the old SNL skit about it being better to look good than to feel good.

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Linda's Rating

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