POTUS All For Hiding Corporate Reports?
Hello, hope you had a pleasant and peaceful weekend and that you are not living in Chicago or Portland. Ore.
The POTUS White House is looking to help corporations hide their reports to their stockholders about their financial condition by reducing the number of reports required each year. Many of us have investments in corporations. In fact, many are hoping to comfortably retire on the stocks they hold in their IRA's.
Now POTUS is proposing to eliminate the quarterly reports that many small investors rely on to decide where to put their hard earned money. How will you know whether a corporation is doing well and is a safe investment, or is having problems because of falling sales or other difficulties? Many small investors use the quarterly reports to determine where it is safe to invest.
POTUS doesn't think you need them. Instead, he wants to give his corporate buddies a legal way to keep important financial conditions secret. Is it difficult to provide this data to investors? Absolutely not! The larger the business, the more sophisticated their accounting systems. Its easy to provide the public with a peak at the books. Their computer systems do it daily for the corporate heads. Why shouldn't they be required to continue this reporting? POTUS thinks it is too onerous. This from a guy that was found guilty of 30+ counts of business fraud and deception. Thanks POTUS!!!
POTUS Roaster
I hope you have a great week. Say hello to your neighbors. If you want to make a comment on what I write, send an email to potusroaster@gmail.com I would love to know what you think.