Thursday, October 06, 2005

Chamber of Commerce High Jacked

The US Chamber of Commerce normally represents the business community. Lately their legal group has been undertaking court manouvers to roll back much needed SEC regulations regarding independent boards of directors. Who is the Chamber beholden to? Used to be the Chamber would speak clearly and logically about important business issues. The Chamber has been highjacked! Their major concern is protecting vested management interests. They seem to forget that a lot of small businessmen are also independent investors who worry about their hard earned savings and investments.