I complain about his uncritical enthusiasm as being suspect, or over the top naive. I agree we are not above the water line. the so-called measures to help slow foreclosures are not working well enough. Not enough teeth in dealing with the crooked big bankers. I think a firing squad drill or two, maybe with Gramm and Greenspan lined up and ready to put on blindfolds, might motivate some of them. I'd let them off if they promised to confess to all their sins and crimes and manipulations. sort of a truth and reconciliation commission, as was given to the white racist leadership in s. Africa, or the murderers of democracy and human beings in Chile, to so-called heal the society. Gramm is an economic equivalent of Pinochet I think, a destroyer of the financial and economic system, by blocking investigations of the fancy hidden trading - aided and abetted by Greenspan, who had the power to investigate and regulate, and failed deliberately because of his ideology, to do his job. Interesting about China. did you see 60 minutes tonight. Michael Lewis, a book coming out about the insiders causing the scandal, and those who caught on and chose to profit from their good guess, instead of warning<quoted text>
i APPLAUD YIOUR ENTHUSIASM pAT. bUT WE ARE NOT YET TO GET OUR NOSE ABOVE THE WATER LINE.
mEAN WHILE cHINA IS STILL BUYING THE RITHS TO THE WORLDS OIL RESERVES.
Congress that disaster was coming. Inside the collapse is a subtitle of some of his books. It was a long collapse. I think one title was the Big Short. He and 60 minutes discussed the credit default swaps, derivatives, rating agency lies, executive bonuses, and hedge fund profits tonight. Quite a program. Steve Kroft. Hope you can find it online. I recommend Frontline A Warning, and Card Game, on line. and also McClatchy Jan 3020 articles on goldman sachs and moodys. Big crooks and still totally uncorrected! even some of the crooks that brought us down put into the job of cleaning up. they are cleaning up all right!