If you don't, you'd better learn.
Do you know what the Financial Crisis Inquiry Commission is? (Hopefully it's self-explanatory).
The thing is, this commission has started meeting already. They began this week.
Mr. Angelides heads up the commission.
They're looking into the banking/mortagae/loan/investment nightmare that led us down the path to a near collapse of our economic system, both here in the US and around the world.
And I'll tell you, this is going to go on for some time and we'd better all be checking in virtually daily on this thing, to see what new revelations there are.
We need to know what happened in this crisis.
We need to know who did what.
We need to find out what was done illegally.
We need to find out what was done that should be illegal.
And we need to find out how we can avoid this greedy, stupid mess so we don't do it again.
To hell with catharsis. We need information, laws, regulations and solutions.
Ayn Rand be damned.
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2 comments:
"We need information, laws, regulations and solutions."
We have those things already. More complex regulations actually work in favor of the bankers.
What we need is fewer bailouts. We need to allow businesses to fail instead of counting on govt. bailouts if, no, WHEN they make bad business decisions.
I agree on the no bailout idea.
And if they're "too big to fail" for the country, then they need to be dismantled. AIG, then, should go.
Country first. Business far behind that.
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