unimpressedpragmatist

The Fannie/Freddie Heist

Until we hold the top management of all public companies responsible for the failure of their companies and prosecuting those who deserve it, nothing will change and irresponsible risk taking will dominate and destroy.

Additionally, politicians who are/were involved in the failures of these companies should, also be prosecuted for misusing their offices for personal gain.

Yeah, I know, we would have to build more prisons and courtrooms to accommodate all the miscreants that would surface. Remember, wherever big money exists, intense oversight is necessary. Accountability and responsibility must be paramount. And, when misbehavior occurs, punishment equivalent to the crime must be meted out without regard to political party, past accomplishments, popularity, stature, or position. Felons must go to prison and must have their ill-gotten gains confiscated.

Did we forget the Savings and Loan scandals? Or, are We the People too forgetful, forgiving or stupid?

Historic Financial Collapse Underway?

The economy will experience a miraculous recovery when the price of oil falls to reasonable levels. Then, all the pundits, analysts, and politicians will proclaim how they solved the problem. Over time, even more nonsense will emerge from these and other sources of, in their opinion is, profound wisdom.

The market place that encourages egregious greed is now, and always will be, the source of economic unrest and destabilization. Until we ascertain how to control this without damaging capitalism, we will, always, be in danger of the debilitating effects of outrageous avarice.

All other opinions are just an excuse to make a living from, apparent, wisdom and insight. Simplicity resulting in real insight will never be in vogue. Otherwise, all those who blather about things they obfuscate with excessive verbiage would have to get real jobs.

The market place that encourages egregious greed is now, and always will be, the source of economic unrest and destabilazation. Until we ascertain how to control this without damaging capitalism, we will, alwasy, be in danger to the debiliating effects of outrageous greed.

All other opinions are just an excuse to make a living from, apparrent, wisdom and insight. Simpiicity resulting in real insight will never be in vogue.