Posted by: Frank | October 12, 2008

Fox Guarding The Hen House

I defy anyone that reads this article to not say, “duh!” to themselves. Should we not question the ideaology behind the decision making in Washington that lead to the current financial crisis? Who can truly say they would ever think banks would regulate themselves? I think people have to face up to the fact that greed is what is driving decision making, and that greed uncontrolled is not capitalism, its a recipe to disaster.

I really like this quote from the Washington Post:

We no longer think that our financial future will be determined by securities brokers or inhumanly large investment banks. The most important question is not, “What form should these temporary bailouts take?” It is, “What are we really learning from all this?” (emphasis mine)


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Categories

<span>%d</span> bloggers like this: