Wednesday, April 8, 2009
Don't Let Them Sweep This Under The Rug
It is my hope that everyone that is interested in the financial crisis and the bond market meltdown has read Bill Moyer's interview with William K. Black. This is an important piece of information from an authority on the subject, and not just some old guy that used to work with investments. This is also more than a Liberal or Conservative issue. It is more than a Republican or Democrat issue also. There is in this country, like I am sure in other countries, a group that feels they are above the average guy in the street and therefore they don't have to follow the rules like everyone else. What was done by the heads of the banks, the heads of the investment banking firms and the heads of the credit rating agencies was Fraud!!! Moving forward sounds nice, but first there must be justice. I listened to Paul Krugman last night say that if there is no change in the regulation of the banking, investment banking and credit rating agencies, that we will revisit where we are today in the near future. We are not going to take money out of politics, but we can, in numbers, show that we know the score and that we will vote out those that insult our intelligence by not moving swiftly to correct the deregulation problem that produced the economic disaster that has touched so many of us.
I am asking for your help. Get invloved. Send a copy of the Bill Moyer-William K. Black interview to The White House. Let President Obama know that the people are watching and have the knowledge to know what needs to be done. It is because this stuff appears to be technical and boring that politcians were able to deregulate under our very nose. Americans have lost trillions of dollars in valve in their investments, their 401-ks, 403-bs, etc. etc. Nothing will change unless The White House hears from enough people to know they have a problem if they continue to sweep this under the rug.
Scroll down and read the link to the Moyer-Black interview, and then go read it. Then make a hard copy and send it to President Obama, The While House, 1600 Penna. Avenue, Washington, D.C. 20502. You can make a difference. Make your voice heard.
Stay tuned.
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