The sickening aspect of the '08 collapse
The people who spurred it were rewarded; the people who suffered were punished; and all proposed regulations seem to benefit the abusers.
http://www.mcclatchydc.com/227/story/77244.html
We need more honesty in the financial sector. The proposed ideas that essentially trade one abusive husband for another aren't going to work. Having supposedly independent sources setting economic policy to curry favor with policy makers is doomed to fail badly. Maybe not next year, but one day.
As you can see in the above article, part of the issue from this started in 1970 then became more problematic in 2000. I say a decade or so down river we'll see the supposed reforms start bearing fruit.
http://www.mcclatchydc.com/227/story/77244.html
We need more honesty in the financial sector. The proposed ideas that essentially trade one abusive husband for another aren't going to work. Having supposedly independent sources setting economic policy to curry favor with policy makers is doomed to fail badly. Maybe not next year, but one day.
As you can see in the above article, part of the issue from this started in 1970 then became more problematic in 2000. I say a decade or so down river we'll see the supposed reforms start bearing fruit.