Mr. Maple, in your Tuesday column, you failed to present evidence other than a $500,000 salary cap on executive compensation to substantiate your assertion that President Barack Obama will end our modern era of corporate malfeasance.
Further, I fail to see how the executive salary cap even counts as an anti-fraud measure, as you fail to even substantiate that claim. How does it dissuade irrational exuberance in derivatives markets, the phenomenon you cite as being a primary symptom of the "Enron-aissance"?
Need I also remind you that at least three of Obama's own Cabinet picks have committed tax evasion, and several, like Tom Daschle and Leon Panetta, are paid lobbyists (nominated despite Obama's promise not to utilize them), and several others have had to drop out of the nomination pool for criminal investigations or ethics violations (Gov. Bill Richardson).
Are you honestly counting on a group of men and women who can't even do their own accounting to keep everyone else in this nation honest?
