Who Sits At the Head of a Roundtable? Forbes Intelligent Investing.

October 2, 2009


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.

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