The tide seems to be turning a little as the media starts to realize just how badly we have all been abused by the robber barons of Wall Street. It takes a bit of a commitment to read Michael Lewis’ article (link at right) but just few minutes to read what Tom Friedman wrote today about it. These people need to be held accountable; these were not mistakes, these were premeditated acts of larceny that are now costing regular, taxpaying citizens billions.I’ll probably take a few days off for Thanksgiving. I wish you all a happy holiday. We still have much to be thankful for. I’ll close with this quote from Lincoln’s second annual message to Congress, in December 1862:
“The dogmas of the quiet past are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise with the occasion. As our case is new, so we must think anew, and act anew. We must disenthrall ourselves, and then we shall save our country.”
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Happy Thanksgiving Dennis. I love Lincoln quotes. This is especially poignant and indeed appropriate. Thanks for the thought.
Happy Thanksgiving everybody.
HAPPY TURKEY TO ALL!
Freud said the first sign of healing is recognizing the problem.
A happy Thanksgiving to all.
Sorry, I hated that Michael Lewis article. He needs an editor to prune away his rambling self-involvement. Yeah, I did like the specifics about just how morally corrupt the mortgage industry became. But what's with the pointless description of his lunch with Gutfreund at the end? He reamed this guy and helped destroy his reputation, then years later asks him for lunch for no particular reason, other than pure egotism? What an asshole!
mikey -- i can't argue with your point. Lewis was, afterall, one of them. but the basic arguement that this was a known (or at least knowable) con from the beginning was well made.
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