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).

Thursday, February 23, 2012

Tavakoli: Who's To Blame? Not 'Flawed,' Fraud

This from Jesse's Café Américain

This is a fairly nice description of the tip of the credibility trap.

It is a description of moral hazard, of a partnership between the corporations and individuals in government. And it is a corrosive acid on the body politic. MF Global is not the end of it, but only a new beginning.

With every unpunished crime, with every successful deception, the monied interests grow more self-assured, and bolder.

The more rational in the financial system, academia, and the media wish this to stop, and know it will end badly, but a powerful few will have no restraints.

And so the dance must continue while the music keeps playing. The stewards of society, the Congress, the President, the media, the Fed, none have the moral sense and courage to merely stand up and say, "Stop. Enough. Stop beating your victims. Stop abusing the public."

Well, some may say it. Tavakoli, Yves, William Black, Elizabeth Warren, Barry Ritholz, Simon Johnson, and others have all said it, well, and many times.

And among the powerful Obama may say it. Romney, Santorum, and Gingrich may say it. But they do not mean it, and will do nothing substantial about it. And that is a national tragedy.

Have we no conscience left, no decency?

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