Friday, March 6, 2009
Restoring Trust as the Markets Crash
Jim Skillen of the Center for Public Justice recently wrote,
Let me put it more bluntly. People are not just angry about bankers' big bonuses and auto company CEOs' private jets; they are angry that they got taken by "the system"--by banks, by mortgage companies, by investment advisers, and by the government that aided and abetted and gave no warning of the coming collapse. As in a stagecoach robbery, writes Janet Tavakoli, "Wall Street bankers made off with the loot without firing a shot. They were enabled by Washington overseers and financial regulators who--when not beneficiaries of the good times--behaved like ostriches. Meanwhile, news of the fact that no one in the US has been brought to justice has not escaped notice" For more...
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