If ever any post showed the need for direct democracy as a system of government, this post by Burning Our Money does just that! Discussing the Prudential's disastrous bid for the Asian arm of AIG, BOM writes:
"First, these jokers have been stopped by their voters (aka the shareholders). Under the Pru's constitution they could not proceed with the lunacy without holding a referendum to get shareholder support. And there has been a shareholder rebellion the like of which the City has not seen in many a year. If only we voters had such a lock on our Westminster politicos."If only, BOM, if only.............
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