Im sure this is not a wakeup call. Good afternoon, ladies and gentlemen, president lee, honorable guests and distinguished speaker. On behalf of the Taiwan Benevolent Association of america, thank you Heritage Foundation for this opportunity to be the cosponsor of this forum. This forum we hope through this forum we are not only reinforce relationship between United States of america and republic of china but also we can have the people of the two countries to understand to build better relationship than ever. So this is my very short speech, and i thank you for your comment and thank you for your support. Enjoy this afternoon. Thank you. [applause] and also like to introduce another cohost, organizer, in ita institute of taiwan and american studies. [applause] now were going to start the panel and talking about the economy issue, policies interesting but it comes fundamental. Everything is fundamental. We are going to go by the order on the program so we will start riley from the Heri
We kick about the days were Financial Companies take massive ricks risk. We cannot afford that. The country cant afford it. The middle class cannot afford it. We need to ensure that the executive compensation does not go back to encourage executive risktaking and shortterm is him. I talked about stock buybacks with publicly traded companies, how ceos dont have the incentive to go for the future, but rather swing for the fences today. Theyre not bad guys are women. The process incentivize action. This tended in 1980 when president reagan made it easier for company to buy back stock close to share prices. We need to change this as well. Need the rules created by. Frank by dodd frank. We also need to continue to address the threat posed by bottomless shortterm debt. As evidenced by recent concerns steptail banks, we have to up our monitoring and enforcement activities. Look at wells fargo. The justice department, i cannot speak to it because i dont talk to them. They are reviewing whether
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