Thursday, February 05, 2004

Amazing Mess

The pace of scandal, reform, regulation and revelation has definitely speeded-up. The disturbance to the establishments makes for a grand opportunity to measure the transfer function. No place to hide. What a pack of powerless ninnies - the lot. There is no leader, no lead institution. Corporate liability insurance is a farce. Exclusions almost include the liability the policy was written for. When the CEOs leave with their loot, this year. The final chapter will be in.

There are now some reliable ratios to the stakeholder loss compared to the regulatory fine. Every $600 million you damage the stakeholders will cost you in regulatory settlements $10 million. What a bargain for the perpetrators. Is this a great legal system, or what?