October 19, 2008

Questions Related to Financial 9/11

By admin

This article poses a number of questions related to what’s being called the Financial 9/11.

At the root of the questions lies a great mistrust of the speed at which things ‘had to be done’.  Were financial markets unravelling because the people behind them were inept or because the regulations had been stripped so raw by free-market fundamentalists or because there was some other deep-seated plan to rip off taxpayers across the planet on an unprecedented scale?

Either way, any scenario is something that we should all be very upset about.  We don’t trip over ourselves bailing out other companies, so why the excitement with financial companies?  Maybe I’m showing my ignorance, but I think we should all step back at least one stride and try to understand that maybe this is the time when we should have a VERY DIFFERENT APPROACH to the problem as opposed to throwing gas on the fire.