Friday, March 19, 2010

[Video] The Daily Show: In Dodd We Trust

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This is not so much 'funny' as it is sad and probably 'educational' to the masses who don't keep up with Wall Street's doings on a regular basis.  Luckily, Jon Stewart's research staff seem to have a pretty good handle on the wonderful state of affairs.  Judging from the quiet laughter in the crowd, it's either still above their head or all new information to them...

I have not even bothered to detail the Lehman Brother findings but basically it exposes Sarbanes Oxley legislation -especially the part where C-level executives must sign off on financial documents and hence be RESPONSIBLE for them -  as a complete joke.  It also speaks to our complaints about what a pathetic situation there is on corporate boards across America in terms of oversight.  If you have not looked up WHOM (WHO?) was on Lehman's board, it's worth the google search.   Thankfully, NO ONE appears to be in trouble... even though corporations now have the same rights as humans in Cramerica. 

Carry on.

10 minute video (you can skip right to minute 2) - email readers will need to come to site to view


The Daily Show With Jon StewartMon - Thurs 11p / 10c
In Dodd We Trust
www.thedailyshow.com
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