Current federal government actions regarding alleged shady corporate accounting practices and alleged corporate fraud by CEO's can be characterized as a mugging of investors. Rather than protecting investors from greedy and evil chief executive officers (CEO's), the federal government is inflicting severe financial pain on the average investor by helping to drive stock prices to new lows. For several months, American investors' portfolios have been pummeled by a Congress bent on conducting "Star Chamber-type" proceedings in which various corporate no-goodniks are publicly taken to task for their alleged malfeasance. In the last few weeks, things have gotten even worse, with … Continue reading Federal Mugging of Investors
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