Emerald

What is to be Done? An Interview with Bert Ely

Ranting agianst the government is always popular when you have nothing constructive to say. Sandy Weill paid the lobbyists big bucks to repeal Glass Stiegel. He wnated to build the biggest casino in the world and it worked. They gamed the system with complex derivatives and we ended up with wealthy executives and trickle down asset destruction. Unfortunately, McCain has no understanding and little interest in learning. The Democrats are no blessing, but perhaps no as dangerous. Try maintaining the banking system without insurance.When the typical Board of Directors is little more than a good ole boys club where serious questions are rarely asked, financial executives are the "private" market equivalent of the barn yard animals of Orwell.