Now partner...I never said I would approve of corruption.... Maybe I stretched the "don't care" statement, but no one put a gun to my head and forced me to buy the stocks I own....and yes one is Bank America and another is Wells Fargo....
I invested in those stocks on my own free will as a free American which I intend to do until I die. My point was, I do not need Obama's or Barney Franks assistance.
No one put a gun to my head and forced me to buy my house. I still don't want it burglarized. As a shareholder, a person has a right to expect honesty from their management team. As shares have become more divested, it has become easier for management teams to steal from them. That is a real problem. I've never argued that there should be hard caps on compensation, there shouldn't, but that doesn't mean that there isn't a problem. Very few CEOs would be making what they are if they were working directly for a single shareholder instead of a boardroom full of their buddies.
My point was, I do not need Obama's or Barney Franks assistance.
I don't care for their involvement either, but these management teams have made a deal with the devil by sticking their hands into the public till.