Clean Stock Exchange


Would you entrust your savings to a convict unless he was pointing a gun at your head? To a person waiting for a verdict on crimes of fraud, bankruptcy, tax fraud, usury? Anyone who buys shares needs to have a guarantee. The integrity of the people who are managing the company in which the investment is made is an economic item of data, not just a criminal item. In the world of business, reputation is everything.
The criminal record of the administrators must be visible on the request to buy shares. One can choose based on the crime. I have a bit of money on one side and I asked my brother where it was best to invest, whether in a fraudster, a usurer or in a bankrupt. He suggested the Casalesi.
On the Stock Exchange, there are about 270 companies. Each one has a CEO, a president, a director general and a Board of Directors. Consob should publish on its website the list of the convicts and those who are waiting for a verdict. The Stock Exchange must be CLEAN. Otherwise, its better to go to the gambling hall and it’s more ethical, or to entrust our family wealth to organized crime, it’s safer.
Below I’m citing a few names. They are among the Lords of the Stock Exchange. The ones who make decisions about the future of your money. The list is much longer. Parliament compared to the Stock Exchange is a centre of gentlemen.
Clean Stock Exchange. Let Draghi give himself a shake. This is the favourable moment for a law on ethics in the Stock Exchange. Let him ask for consultancy to the psycho-dwarf’s family.
- Roberto Colaninno. Sentenced to 4 years and 1 month for bankruptcy in the Italcase-Bagaglino collapse in December 2006, with prohibition on holding public office for 5 years, the penalty then condoned thanks to the Great Pardon. He is President of IMMSI and of Piaggio and is a member of the Board of Directors of Mediobanca (source: Italian version of Wikipedia entry)
- Salvatore Ligresti. Involved in Tangentopoli, arrested and convicted for kickbacks. After having negotiated 2 years and 4 months, he was under the supervision of Social services, and returned to the activity of construction, then Board member of Unicredit, Immobiliare Lombarda and Premafin Finanziaria. (source: Italian version of Wikipedia entry)
- Cesare Romiti. Sentenced to eleven months and 10 days in prison for irregularities related to the period in which he was CEO of the Fiat Group, Board member of RCS Mediagroup and Impregilo.
- Cesare Geronzi. In the trial for the collapse of Parmalat he is under investigation for aggravated usury and fraudulent bankruptcy. In the collapse of Cirio, he is under investigation for fraud in relation to the issuing and placing of Cirio ‘bonds’ through Capitalia. For the Italcase collapse convicted at the first level for bankruptcy and sentenced to one year and 8 months plus the prohibition on exercising the office of Director in any company for 2 years. He is president of Mediobanca. (source: Italian version of Wikipedia entry)
- Paolo Scaroni. In July 1992, the years of Tangentopoli, he was arrested and accused of having paid kickbacks to the PSI on behalf of Techint. In 1996 there was the trial in which Scaroni asked to negotiate the sentence: one year and 4 months, under the threshold for imprisonment. In 2006 he was on trial in the Tribunal of Adria, as CEO of Enel at the time of the events, for having allowed the Porto Tolle generating station to pollute the territory of the Po delta. After that he was sentenced to a month in prison as an indication of his guilt, but the penalty was converted into a fine of 1,140 euro. CEO of ENI, Board Member of Assicurazioni Generali. (source: Italian version of Wikipedia entry)
IMMSI, Piaggio, Mediobanca, Unicredit, Immobiliare Lombarda, Premafin Finanziaria, RCS Mediagroup, Impregilo, ENI and Assicurazioni Generali are all companies that are quoted on the Stock Exchange.

Posted by Beppe Grillo at 10:57 AM in | Comments (6) | Comments in Italian (translated) Post a comment | Sign up | Send to a friend | | GrilloNews | listen_it_it.gifListen |
View blog opinions
| | Condividi

business education articles new education business opportunities finance education deposit money education making art loan education deposits make education your home good income education outcome issue medicine education drugs market education money trends self education roof repairing market education online secure education skin tools wedding education jewellery newspaper education for magazine geo education places business education design Car education and Jips production education business ladies education cosmetics sector sport education and fat burn vat education insurance price fitness education program furniture education at home which education insurance firms new education devoloping technology healthy education nutrition dress education up company education income insurance education and life dream education home create education new business individual education loan form cooking education ingredients which education firms is good choosing education most efficient business comment education on goods technology education business secret education of business company education redirects credits education in business guide education for business cheap education insurance tips selling education abroad protein education diets improve education your home security education importance


I agree that capitalists often aren't moral, especially those dealing in financial instruments, who take advantage of lax or nonexistent regulations to skim the wealth produced by real enterprises. Somebody has to throw a flag every once in a while, and that hasn't happened much in recent years, especially in the United States. The ills you describe are real, and some can be blamed on capitalism -- for example, obese people, who are an unintended consequence of cheap food. Of course, that's better than skinny people because of expensive food. I think D.H. Lawrence's "The Death of Pan," which he wrote a long time ago and that I read a long time ago, explains the source of our spiritual sicknesses. It isn't capitalism, but modernity in all its ways.

Posted by: Mike Pellegrini | October 22, 2008 02:52 AM

"And most people do live better today,...."
Methinks, perhaps, that an unbiased study of current research on this topic may convince you otherwise.
It depends on how one qualifies "better".
Materially, maybe, though this is patently untrue for the lower social/economic stratum, but in terms of happiness and personal wellbeing it is certainly untrue for a large portion of all strata of Western societies.
More mental illnesses than ever; especially those related to depressive conditions. More suicides and self harm, more eating disorders, obesity and chronic conditions attributable to lifestyle and self esteem factors, more chronic ailments directly and indirectly attributable to environmental pollution and social disfunction, etc.
Professor Fiona Stanley of Western Australia, a leading expert in pediatrics and child welfare, recently expressed the opinion that the "baby boomer" generation may be the last one that has an expected lifespan greater than the preceding one.
So it's "back to the drawing board" in matters cultural, social and fiscal in regard to pure capitalism.
The problem, of course, is not in the theoretical, but in the application of the principles. People do not generally take the welfare of their neighbours into consideration when they strive towards their personal goals. Those that do stand a real risk of predation by those with high personal ambition.
"Dog eat dog" is the reality of unfettered capitalism.

Posted by: Rolly Wheeler | October 16, 2008 07:30 AM

Capitalism is moral when it results, through fair competition, in cheaper and better goods for everyone and respect, a fair share of the wealth, for the workers, the society, which produces them. At the end of the day, everyone should be richer in a perfect capitalist world. And most people do live better today, even though capitalism is far from perfect. The problem we're facing now is financial stupidity on a grand scale, and fraud in some instances.

Posted by: Mike Pellegrini | October 16, 2008 06:14 AM

Capitalism is moral when it results, through fair competition, in cheaper and better goods for everyone and respect, a fair share of the wealth, for the workers, the society, which produces them. At the end of the day, everyone should be richer in a perfect capitalist world. And most people do live better today, even though capitalism is far from perfect. The problem we're facing now is financial stupidity on a grand scale, and fraud in some instances.

Posted by: Mike Pellegrini | October 16, 2008 06:14 AM

There's an old saying that my Grandmother often: "Neither a lender nor a borrower be."
The whole process of the 'Money Market' lacks morals and good ethics and the manipulators of the system exist entirely in a "Morality Free Zone".
This includes all who use their money simply to make more money; big and small.
The bancaposta accounts of every ordinary person is in this category as much as the huge amounts of money of wealthy individuals and corporations.
In this we are all sinners.

Posted by: Rolly Wheeler | October 16, 2008 02:38 AM

Mi hanno rubatto tuti soldi, Bastardi Cornutti!
Tutti da Wall Street sono Ladri Deficienti, Putane de li putane, Testa dei Cazzi Il mercato dei ladri! Managia!

Posted by: Giovanni Montana | October 16, 2008 01:06 AM

Post a comment

Beppe Grillo's Blog is an open space for you to use so that we can come face to face directly. As your comment is published immediately, there's no time for filters to check it out. Thus the Blog's usefulness depends on your cooperation and it makes you the only ones responsible for the content and the resulting outcomes.

Information to be read before using Beppe Grillo's Blog

The following are not allowed:
1. messages without the email address of the sender
2. anonymous messages
3. advertising messages
4. messages containing offensive language
5. messages containing obscene language
6. messages with racist or sexist content
7. messages with content that constitutes a violation of Italian Law (incitement to commit a crime, to violence, libel etc.)

However, the owner of the Blog can delete messages at any moment and for any reason.
The owner of the Blog cannot be held responsible for any messages that may damage the rights of third parties Maximum comment length is 2,000 characters.
If you have any doubts read "How to use the blog".

Post a comment (English please!)

First name and Surname*:

Email Address*:
We remind you that anonymous messages (without real first name and surname) will be cancelled.

* Compulsory fields

Send to a friend

Send this message to *

Your Email Address *

Message (optional)

* Compulsory fields

Beppe Grillo Meetups

Groups 372 Members 76.596
Cities 281 Countries 10

Books and DVDs


Check out the books and DVDs of Beppe Grillo (service in Italian)


Terra Reloaded DVD

Clean Up Parliament

Map of Power


Webby award
14th Annual Webby Awards Official Honoree Selections


Tegenlicht - Beppe Grillo's Interview

"De toekomst van Europa volgens Beppe Grillo"

(Tegenlicht TV)

International Press Review

The New Yorker
"Beppe's Inferno"

"The Comic Who Shook Italy"
(The video | Related post)

"The Web Celeb 25"
(Related post)

"Meeting Italy's silenced satirist"

People and power: "Beppe's Blog"

TIME magazine's First Annual Blog Index
(related post)