Thursday, October 22, 2009

A political vent

I don't often talk about politics here but the other night I watched Frontline's The Warning on PBS.
This is the type of stuff Frontline does best. I was fascinating from the first minute. Basically, it talks about Brooksley Born, the Chair of the Commodity Futures Trading System from 1996 - 1999 and her attempt to get the Financial Wizards (Alan Greenspan, Robert Rubin, Larry Summers, Tim Geithner,etc) to regulate derivatives. I am not in any way, shape or form a financial person but this program riled me up.
These "men" greatly contributed to the financial situation today. Never mind that they may or may not have been sexist, but they went through underhanded tactics to resist Born's attempt to regulate derivatives. Had this happened, things might have been different today.
To further insult things, Summers and Geithner are part of Obama's economic circle. So much for change in his administration. I am neither a Republican or Democrat but this goes beyond that. These are powerful bankers that have us by the throat and continue to choke us.
Image from copyright Time Magazine

1 comment:

  1. Hey there - it was nice meeting you last night at Blogtober fest! I love some of the knitting you've posted on the blog - thats so neat to be able to do. I can only knit scarves in straight lines ;). Have a good Friday.

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