If Shakespeare were alive today, it may not be the lawyers he would suggest killing first. In any time of turmoil, the first thought on the mind of most observers is assigning blame. In the current crisis facing every sector of the American economy, there are plenty of fingers pointing in a dizzying number of directions.
Given that much of the financial storm is the product of a crisis of confidence, future reforms likely will address a lack of confidence in America’s corporate boardrooms. The perception — fueled by reality and unflattering media caricatures — of excessive pay and untoward risk being taken by Wall Street titans will no doubt give rise to maneuvering by politicians eager to curry favor with constituents.
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