(Community Matters) Following up on my earlier post, in a conversation today with good friend from the business and political world, I admitted I’m scared – increasingly – about our economy and where we might find the floor. Also admitted I don’t understand why we are protecting the equity interest of stockholders in the national banks – fear the new treasury chief and others are too close to the Street and aren’t able to break from protecting those interests.
No one really knows what will work. We haven’t been here before. And, like any good custodian of capital, we should not place all our bets on one approach or any one team. We need to fund demonstration projects and determine which prove most successful. I remain extraordinarily greatful we have Barack Obama in the oval office. And, we need the experience and wisdom of Congress to help evaluate and improve plans. We can’t afford politics as usual, and we can’t abide wreckless special interests.
I remain very pissed off at GWB for this legacy of economic chaos and at those who continue to prioritize only their personal interests. Yet, there are some smart people even in this group. We need them to participate, not obstruct. And, some need to return explotive compensation based on illusionary profits, others need to go to jail. These sins aren’t pardonable. Too many children, women & men are & will suffer.
Community Matters 