Tzipi Livni Quotes


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He was referring to his practice of distributing shares of stock to other congressmen on behalf of Credit Mobilier and Union Pacific. Ames was censured by the Congress in 1872, for "seeking to procure congressional attention to the affairs of a corporation in which he was interested.” The cartoon to the left is from the period showing all the congressmen getting their piece of the Mobilier Credit cake.


Greenspan and some others assumed that the shareholders and the executives who ran the financial institutions had the same vested interests. But the executives had disconnected themselves from the fate of the shareholders, by having Golden Parachutes to protect the executives even if the business failed and they were fired. And they got their bonuses immediately so by the time the authorities and the shareholders discovered that the profits the bonuses were paid for were illusory, the bonus money was safely stored in a secret offshore bank. But if things went wrong, there was always the play of getting a government bailout which would keep the executives getting their huge bonuses and keep the shareholders from losing their money as the taxpayers covered most of the losses.


Tzipi Livni
Tzipi Livni
  • Born: July 8, 1958
  • Nationality: Israeli
  • Profession: Politician

Tziporah Malka "Tzipi" Livni is an Israeli politician, diplomat, and lawyer. A former member of the Knesset and leader in the center-left political camp, Livni is a former Foreign Minister of Israel, Vice Prime Minister, Minister of Justice, and Leader of the Opposition. She is known for her efforts to resolve the Israeli–Palestinian conflict.