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What are bank proxies?


 

Good question from an astute reader.

Upon further review, Mr. Ignatieff may have referred to “record bankruptcies” with his first question today. But the early House transcript recorded his comment as “record bank proxies.” And, quite frankly, it’s more entertaining to think he actually did lament a sudden surge in banking by proxy.


 

What are bank proxies?

  1. And, quite frankly, it’s more entertaining to think he actually did lament a sudden surge in banking by proxy.

    Why, yes. It’s delightfully entertaining. How very droll. Can we go back to talking about Iggy and torture again? ;-)

  2. Uh , it’s just that most shareholders can’t afford to show up for the model democracy exercise called the Annual Meeting. Thus the exponential increase in mail-in votes.

    • or conversely, banks are so afraid for their livelihood they aren’t showing up for the meetings in which they are the shareholders!

      • Nah, you’re all wrong. Bank execs are so rich (with your money), they hire doubles to run things while they spend ALL their time on yachts in the tropics. And you people carp about taxes. Pathetic.

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