Tuesday, September 15, 2009

Ghetto Finance Tues 9/15/09: Opportunity missed

http://www.nytimes.com/2009/09/15/business/15obama.html?_r=1&hp

Throughout history, most major laws to change the financial system arose from the cauldron of a crisis. Senior officials have acknowledged that as the financial system begins to mend, a kind of political inertia sets in as lawmakers have less of an incentive to act boldly.

Me:  If you’ve read the Shock Doctrine by Naomi Klein you see that these crises are better times for big changes.  The banks obviously knew this, and they fought to survive and now they know it’s become much harder to make changes.

It’s very shocking to see how Americans seem content with such a broken and corrupt political system.  I think it blows and has a very direct effect on my life.  No health insurance springs to mind.  I don’t think this acceptance of the status quo is going to have a happy ending.

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