Saturday, May 18, 2013

Outraged but not Accountable

This week's events with IRS targeting has confirmed my belief there is no accountability at the top.   Note the difference from the private sector.  When JP Morgan Chase had significant losses due the "whale" trader, the CEO and Chairman, Jamie Dimon, was called before Congress and held accountable to for the issue.  Over the last few days, I've listened to President Obama claim outrage, unacceptable behavior, and  dismay, but never accountability.  President Obama claims he had no knowledge until the press reported the issue.

However, it shouldn't take any unbiased investigator long to figure out where the idea to target politically conservative groups came from.  With the current capability to track and trace electronic communications, the originator of the of the directive can be found. That's why Mr. Obama should be accountable and use a special independent counsel to investigate the issue.

 For more on Reflections and Musings, check back every Saturday for a new segment.

This is not financial or policy advice. Please consult a professional advisor.

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