There are times when I'd like to share something with you but my Voice in the Garden site does not seem the appropriate place, thus, this blog.

There are experiences, thoughts, views... and for anyone lurking/waiting to pounce (as has occurred on several occasions), please do not attempt to turn what I post into a political statement. This is NOT a political site, but IS about occurrences, reality, and personal opinion concerning what I see in the world around me and my family. There are many excellent writers whose works "speak" to me, and I shall include some of them. At times it may be
something I think you would enjoy or simply whatever ails you (me).

Sunday, December 26, 2010

Bipartisan Crisis And A General Failure of Ethics and Stewardship

Since we attempt to keep abreast of what is going on around us, early morning will generally find us perusing headlines from various newspapers around the world; additionally I like to review that which is being opined by some of my favourite writers. Although one may not always agree with something said (written), understanding the reasoning is an important part of any discussion. I found this of interest and thought some of you might also.

Jesse of Jesse's Café Américain writes:

Obama's Failure to Reform: A Bipartisan Crisis And A General Failure of Ethics and Stewardship

I hope everyone has the opportunity to see "Inside Job" in the months ahead.

The issue is not settled. As someone who watches the markets closely every day, often tick by tick, and speaks to market participants around the world, I see an accident waiting to happen in the US financial system. And it is surprising, almost shocking, that it receives so little attention while there is so much focus on the relatively trivial.

We have just witnessed one of the greatest financial frauds in modern history. Where are the indictments? Where is the reform?

It concerns me greatly because it is such a important economy. Such a failure would have unsettling collateral damage on the rest of the world not only because of its size, but through the transmission mechanism of the dollar reserve currency which is pervasive in trade and in most central bank holdings.

Like its cronies on Wall Street, the government in Washington thinks it is Too Big To Fail. It may very well be. But propping it up is probably too great of a task for the rest of the world to bear indefinitely. And so we may have an uneasy year or two ahead.

INET's Interview with Charles Ferguson, the director of "Inside Job",
Sony's documentary which exposes the truth behind the economic crisis of 2008.

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