Comments on: Quote Of The Day http://www.thelibertypapers.org/2009/03/06/quote-of-the-day-63/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Wed, 08 Feb 2012 17:04:34 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Doug Mataconis http://www.thelibertypapers.org/2009/03/06/quote-of-the-day-63/#comment-63829 Doug Mataconis Sat, 07 Mar 2009 16:40:54 +0000 http://www.thelibertypapers.org/?p=4292#comment-63829 Well, I addressed that point when it happened: <blockquote>Is it really appropriate to blame the banks for this ? Like I said about BB&T, it isn't the job of a corporation to adhere to a specific policy, it's the job of a corporation to maximize profits and protect the interests of shareholders. If the government puts a big pot of money in front of you, there's an argument that it would be a breach of the Corporate Officers fiduciary duties to the shareholders to say no. I'm just sayin'.........</blockquote> Well, I addressed that point when it happened:

Is it really appropriate to blame the banks for this ?

Like I said about BB&T, it isn’t the job of a corporation to adhere to a specific policy, it’s the job of a corporation to maximize profits and protect the interests of shareholders.

If the government puts a big pot of money in front of you, there’s an argument that it would be a breach of the Corporate Officers fiduciary duties to the shareholders to say no.

I’m just sayin’………

]]> By: Stephen Gordon http://www.thelibertypapers.org/2009/03/06/quote-of-the-day-63/#comment-63771 Stephen Gordon Sat, 07 Mar 2009 03:23:08 +0000 http://www.thelibertypapers.org/?p=4292#comment-63771 I liked BB&T for their stance against eminent domain abuse, but am not so sure about them after they took TARP funding. I liked BB&T for their stance against eminent domain abuse, but am not so sure about them after they took TARP funding.

]]>