BOSTON (TheStreet) -- Most of the problems that led to the global financial meltdown, which first struck 18 months ago, are linked to corporate governance.
Excessive compensation, poor risk controls, opaque financial reporting and lenient boards played a part in allowing the largest U.S. financial institutions to spiral out of control.
Now the government is stepping in after the private sector was unable to police itself. After all, shareholders in Bank of America (BAC), Citigroup (C), American Express (AXP), AIG (AIG) and Morgan Stanley (MS) are still suffering from unabashed risk-taking.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV