Wall Street theft on a scale unimagined, and Obama wants to keep it covered up

Source for these four points: http://blogs.uncommonwisdomdaily.com/real-wealth/historys-greatest-heist/

Going forward

The first order of business should be to get rid of the people that have caused the problems. Why would we keep the CEOs and CFOs and other senior officers who directly caused the problems? That's obviously nuts. But that's the Obama administration's current policy.

Their misconduct was facilitated by their ideology, which was used to sweep away the regulation that had kept many of them in check. Effective regulation means that cheaters don't prosper; lax regulation means they do. So, instead of being bad for capitalism, regulation is really what makes capitalism possible. "Honest purveyors prosper" -- that's what we want. And you need effective regulation and law enforcement to be able to have that outcome.

We're hiding the losses instead of trying to find out the real losses. Stop that, for the simple reason that it's impossible to make good decisions without good information. Follow what works instead of what's failed. Start appointing people who have records of success, instead of records of failure -- of honesty and integrity instead of deceit and corruption. There are lots of things we can do, even today, as late as it is. The Obama administration may have gotten off to a bad start, but they could get onto the right track within weeks. And by the way, the folks who are the better regulators, they paid their taxes. So, you could get them through the vetting process comparatively quickly.

 1  |  2  |  3  |  4  |  5  |  6