The politcal influence of big economic players has worried philosophers and economists for centuries. "Inside Job," a Sony-produced documentary on the 2008 financial meltdown, may be one of the closest things we get to pointed questioning about the big economic players who were at the controls when the financial industry collapse sparked the Great Recession.
"Inside Job" also raises a key point on the eve of the 2012 presidential election: It may have been deregulation-happy Republicans who allowed the financial industry to run amok, but there's reason for alarm in President Obama employing meltdown-tainted officials in his administration and the Justice Department's unwillingness to pursue criminal charges against shameless meltdown swindlers. . . .
And Eliot Spitzer's madame describes how financial industry executives would expense her services.
2 comments:
credit is what if not the promise of ever more tomorrow? what happens when that promise ends...?
Credit markets are useful from personal loans to global economic development. But the 2008 Financial Meltdown showed that well-regulated and predictable markets are superior to unfettered greed.
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