They were hoping that business and stockholders would be held accountable and would police themselves. which is how we should all behave, IDEALY
"Ideally", huh? What these neocon deregulation freaks did was defraud the country and destroy our capital markets. They not only have get-out-of-jail free cards, they have multi-million dollar golden parachutes & the US taxpayer is going to BAIL THEM OUT! Look at these message boards. You're telling me any responsible fiduciary would trust these "stockholders" to "police" themselves? They can't even deal with shortsellers! PULEEZE! Reagan & his Baron-esque disciples preach an ideology. A bad one.
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