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)


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