Profit Versus Social Welfare, Continuity Versus Change. The Vision Of Social Governance

Bankers didn’t want the change; they wanted the money of contributors without a reform of the financial sector. Although the idea of a reform and of a new regulation method was brought in the discussion in January 2007, it remained at idea level state. The idea of excessive regulation would have stopped evolution and this concept wouldn’t be sufficient to take action against regulation and considering innovation as part of the risk (innovation isn’t a real positive fact in the banking sector, because this innovation has as its base point derivate financial instruments that have no real foundation), but the risk is an integrated part of capitalism. The problem of these innovations was that innovation was directed toward the gain of banks despite their clients, be it an owner of a mortgaged house, this way being clear the idea of modifying the stimulus system of bankers to have an efficient reform at top management level and at a moral level for the American contributor. Elections brought a new president, a new team that must share their vision and to reform the governance program. CONTINUITY VERSUS CHANGE is the main purpose of this research paper.