Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

"Flying the Airplane is More Important than Radioing Your Plight
to a Person on the Ground Who is Incapable of Understanding or Doing Anything About It." -- Unknown

"Everything is easy if somebody else is the one doing it." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Tuesday, November 25, 2008

Moral Hazard, Pt. 2

Here is an idea: The shareholders of Citibank should consider suing the asses off of the top level of management and of the Board of Directors for failing in their fiduciary duty to the shareholders.

Since we can't imprison those guys and we can't take them in the tumbrels to the guillotine, then maybe Death by a Thousand Lawsuits would be a fitting punishment. Each shareholder should sue them individually, so the managers have to spend the rest of their lives undergoing depositions, court appearances and trials.

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