As Robert Reich says, “It’s easy to holler at CEOs. It’s time for Congress to stop hollering and take action.”
Congress can grill CEOs about bank fraud, such as their latest questioning of Wells Fargo CEO John Stumpf, or condemn CEOs of pharmaceutical companies for price gouging, like Mylan’s Heather Bresch, all they want but it isn’t going to change a thing.
Republicans can rage at CEOs all they want, but that doesn’t stop them from getting paid millions of dollars for hitting certain profit targets, often in shady ways.
The Justice Department needs to be given enough funding to pursue criminal charges against corporations and executives who violate the law. Other regulatory agencies, such as the Consumer Financial Protection Bureau, needs more funding in order to police the market.
