Current Events — HabitableZone

Current Events » in reply to "Idiots running the financial giants"

Somebody was running the ship

Since the names are supposedly in the public record, it shouldn't be all that hard.

You and I have thrown the 'Regulation" subject around more than once. Admittedly it's been a while. But we're seeing the results brought on by lack of oversight. Someone was not paying attention or looking the other way, or both.

All the while making the same assumption that so many did, that the boom would last forever. They ignored the elephant in the room, didn't pay attention to the Weasel slipping into the hen-house.

Now the chickens are scattered over the landscape and everyone from Joe Smith on the Factory floor to Daddy Gottrocks in the Boardroom is going to hurt, for quite some time.

If the Financial sector collapses, an awful lot of IRA's and 401's will be nothing more but toilet paper. And, then, all of us will be in deep doo-doo. Young and old.

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