engprof

When Will America's Financial Leaders Stop Deceiving Us?

Thank you, Mr. Cara, for having the moral courage to "say it straight out." Perhaps, as a result of people speaking out in words like yours, fewer Americans will go to the polls in November to vote their trust in those who try to sustain illusions and ideology. Perhaps a few die-hards will finally see the need for regulation--serious oversight--of Wall Street and the capital markets. Perhaps eventually we will find a way to build rational restraints into a free-market system so that it can work for all of us. The audience you most need to reach is the baby-boomers who are trying to plan for retirement. The massive financial failures of these months will wipe out many a well-laid plan and, I hope, send some angry people to the polls:

"What is wrong with America – the greed and gluttony of Wall Street and Washington insiders – will look like smack-mouth football in the next month, and the central characters behind it won’t give a damn. This is wrong – they know it; you know it."

"The fact there is nothing you can do about it – to the detriment of your children and their children – is a tragedy. The decisions made in September and October by your elected representatives – societal leeches of the highest order -- will steal the wealth created by a whole generation of Americans."