Why Cautious Reform is the Risky Option
Posted in Main Blog (All Posts) on April 29th, 2010 4:31 am by HL
Why Cautious Reform is the Risky Option
Martin Wolf, Financial Times
Americans are obsessed with the case launched by the Securities and Exchange Commission against Goldman Sachs. At last, many hope, wrong-doers will be punished. But this misses the point. The problem is more what is allowed than preventing what is not. This is not to deny that there was much fraudulent behaviour behind the financial crisis. As John Kenneth Galbraith wrote, the “bezzle – the stock of embezzlement” – always rises in good times, But the real catastrophe, as I argued last week, is the risk taken on by the gamblers working legally…
Grilled Squid: A Ghastly Day for Goldman’s Top Brass
Incumbent Support at Lowest Level Since 1994
Gary Langer, ABC News
A third of registered voters are inclined to reelect their representatives in Congress, the fewest since the Republican Party rode voter discontent to control of the House and Senate 16 years ago, according to a new ABC News-Washington Post poll.Nearly six in 10 said they'll instead look for someone new come the fall elections.The impact on congressional races is uncertain, and the finding may chill incumbents of all stripes. But the dynamic does have a partisan cast: Republicans and swing-voting independents alike are far more likely than Democrats to be looking for change in…
Govt Needs to Regain the Public’s Trust
Rep. Mary Bono Mack, Politico
The American people are angry — and they have a right to be. Their government has disappointed them with failed policies and a dangerous agenda. More than that, it has destroyed their trust. Confidence levels in our government are the lowest in recent history. Eight in 10 Americans say they don’t trust the federal government and have little confidence in its ability to solve our nation’s problems, according to a recent survey by the Pew Research Center.
