Executives continue to flee financial services firms under government control or influence. The CEO of Freddie Mac, David Moffett, resigned after six months on the job. He was brought in after the government took control of Freddie, and apparently is leaving out of frustration in having the company micro-managed by government regulators and in being forced to pursue political, rather than business, goals.
This comes on the departure from Freddie of three experienced investment managers in January alone.
Talented executives continue to flee the TARP firms and other heavily regulated financial firms, making it more likely that these companies will flounder and that taxpayer losses on their investments in these firms will grow.
The demonization of the financial industry by the media and politicians, led by the Democrats, is taking a profound toll on the country.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment