Simon Jonson prognosticates about Europe's future, but has some cautionary words for the US as well.
Our leading bankers looted the state, plunged the world into deep recession and cost the United States eight million jobs. Now many of them stand by with sharpened knives and enhanced bonuses – willing to suggest how the salaries and jobs of others can be further cut. Consider the morality of that.
Will no one think hard about what this means for our budget and our political system until it is too late?
Despite the life preserver thrown by the Obama administration, which saved their institutions and bonuses, the bankers continue to whine about the rough treatment they are receiving from the government. These suposed depredations consist mainly of watered down attempts to reduce their penchant for risk that ultimately gets passed on to the rest of us.
No comments:
Post a Comment