tag:blogger.com,1999:blog-316774933262163695.post6741781434266406357..comments2023-10-11T08:31:50.397-04:00Comments on moneythoughts: At The Cellular Level of The Financial Crisismoneythoughtshttp://www.blogger.com/profile/08462893426608294171noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-316774933262163695.post-771744640152220842008-10-15T07:18:00.000-04:002008-10-15T07:18:00.000-04:00My first reaction is that there is more money bein...My first reaction is that there is more money being spent so the politicians don't listen. But, on the other hand, if I keep writing and live long enough, someone somewhere will start listening. The financial industry can be an ethical business without making marks out of so many people and institutions, but that means that big outrageous profits might not lead to big outrageous bonuses. Bottom line: the officials of a sport can not be a profit center driven enterprise, and the placing of credit ratings on billions and trillions of dollars of investment securities must be placed with a not for profit government agency. The private rating companies have a profit motive and that is the weak link that shut down the system.moneythoughtshttps://www.blogger.com/profile/08462893426608294171noreply@blogger.comtag:blogger.com,1999:blog-316774933262163695.post-62318722085704028252008-10-15T06:26:00.000-04:002008-10-15T06:26:00.000-04:00How do we get anybody to listen?How do we get anybody to listen?Anonymoushttps://www.blogger.com/profile/13024392628362568010noreply@blogger.com