Editor,
Obama is trying to save the very financial institutions (AIG, Citi, B of A) that created this debacle, and he is trying to preserve the very game (substituting "distributing" risk -- otherwise known as hot-potato -- for due diligence).
"Free market" extremism has always been, and has now been definitively shown to be, bad for everyone but a few bandits. It is time for Obama to cut these guys loose, cut their high-rolling institutions loose, cut that game loose, and bring the U.S. in line with an international financial system that is stable and fair to all.
re: "In Europe, Obama Faces Pressure on Financial Regulation " (4/2/2009)
About Me
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- Bill Appledorf
- I like the way birds tell each other when someone is approaching, how briefly they swoop in to feed on berries in the wild, how they fly away as fast as they possibly can after pecking off a morsel or two, and how big the creek behind where I am staying gets when it's been raining hard for a few days.
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