Lets see how many firms do so.
- Let's see how the US treasury uses this historic event as a-once-in-a-lifetime opportunity for learning / educational tool for ALL investors.
- That an upfront planning process is critical.
- That the asset to liability match is critical.
- That full disclosure (Reg. FD) is the best disinfectant to financial accounting issues; off balance sheet financing / insurance is a slippery slope. Let the analysts do what they do best; analyze board and management representations.
- That diversification is more important than profits.
- That a respectable business reputation is earned every day; the result of a cycle of evidence-based continuous improvement in people, process and philosophy.
- That fiduciaries raise their hands when they FIRST realize that they can't outperform a benchmark or other investment mandate; inform the beneficiary it's now time to consider another asset manager.
- That protecting, taking steps to insure the return OF and the return ON US Taxpayer monies is more important than supporting a financial institution or insurance company.
- That "protecting" US financial institutions does not require so much NEW regulation; NEW regulators; rather enforcing existing - example; not all banks got into trouble; JP Morgan is the most prominent example of a money center bank - it's management chose (an action verb!) NOT to use as much leverage as their competitors.
- That the interests of the US Taxpayer / beneficiaries be in UNdisputed first place; not best interests; SOLE interests.
It's all about protecting the interests of the US Taxpayer!
Prudent Fiduciary Governance is where it begins.
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