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DMACC economics prof says failed bailout ‘great day for democracy’

By Douglas Burns 9/30/08

Des Moines Area Community College professor Mark Maggio says desperate Wall Streeters looking for a $700 billion bailout recall the story of the boy who cried wolf.
The bailout package, pounded from the political left and right, failed in Congress Monday.
“I thought yesterday was a great day for American democracy,” says Maggio, who teaches economics at [...]

Harkin: CEO’s shouldn’t be board chairmen

By Douglas Burns 9/18/08

Reacting to troubling economic news involving credit markets and large Wall Street players, U.S. Sen. Tom Harkin, D-Iowa, said he planned to propose making it illegal for CEOs of publicly traded businesses to simultaneously serve as chairmen of the companies’ boards of directors.
“I’ve often thought this is a classic case of conflict of interest when [...]

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