In place of decisions, SEC Chair Mary Schapiro has held one ''roundtable'' discussion after another. But unlike King Arthur, she doesn't lead.
By Bill Singer, Attorney and publisher of http://BrokeAndBroker.com and http://RRBDLaw.com
BILL SINGER: Once upon a time, kings made decisions at the risk of losing their heads and kingdoms. In olden days, rulers didn't take polls, they didn't waste time with self-serving panels--those in power wielded power. My, what a novel concept! You're hired to do a job and you do your own homework, make your own decisions and put your reputation on the line. You take personal responsibility for your actions.
We have become a nation that ponders everything without resolution. No one is in charge of anything. Our lives are run by committee--or Roundtable. It is a nightmare of debates and discussions that go on endlessly.
To read more of Bill's weekly Forbes column, visit:
http://www.forbes.com/2009/10/02/singer-commentary-roundtable-intelligent-investing-schapiro.html
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