Locking the Barn Door After the Horse Is Gone
That's the specialty-of-the-house in the Bush Age.
A Wall Street consortium led by Goldman Sachs managing director E. Gerald Corrigan recommended new standards Wednesday for monitoring and managing risk, saying the financial industry must be better equipped to contain the type of widespread damage wrought by the credit crunch.
Actually, they don't need "new standards". They just need to replace the old standards the Republicans trashed so contemptuously over the last 30 years.
- Original article
- FILED UNDER: Guest Blogger
- August 7, 2008
Executive Abuse of Power!
Malfeasance and malevolent activities allowed and performed by the perp's and others in this administration is absolutely spineless.
- parent
By Doris in Mount ...August 10, 2008 - 10:03pm