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Wheel, Deal, and Steal: Deceptive Accounting, Deceitful CEOs, and Ineffective Reforms by D. Quinn Mills

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Chapter 17. Freezing and Seizing: A Direct Route to the CEO’s Pocketbook

 

“We’re taking the mansion. We’re draining the bank accounts. And we’re coming after the yacht.”

 
 --Tom Delay, House of Representatives, Republican, Texas.[249]

Three Routes to the Money

The key question is whether Americans feel strongly enough to go get their money back from the people who took it, and if they do, whether our political system is responsive enough to make it happen. There are three avenues to getting the money back, each of which is currently of little value but might be made significant if there is sufficient investor activism:

  • Complaints to brokers and mutual funds

  • The courts

  • Congressional action to establish a compensation fund

The government is currently making ...

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