Call it election year politics or serving the public. Richard Moore knows how to get the press.
Last week our State Treasurer and 2008 candidate for Governor asked the SEC to investigate stock sales by Countrywide's CEO. Now he's asking mortgage lenders to agree to his eight prinicples and he promises to publish the names of those who do.
Business Week picked up the story. http://www.businessweek.com/ap/financialnews/D8SAO2H80.htm along with the rest of the financial press.
Seems like this is what we do in America. Periods of propserity where everyone is getting rich so we over reach, (mortgage crisis, private equity, Enron, dot coms, S&L, tulips, you name it) followed by periods of over regulation and tightening.
Along the way fortunes and politicians are made.
What a country.
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