The way I see it, if it’s so obvious what should be done in certain circumstances, such as those that we’ve been discussing, and nothing adequate actually gets done, then I tend to think that there’s more to these events than meets the eye.
Those that are involved in Regulation are not stupid or uninformed. They have the wherewithal to see the wood for the trees. The same can be said for many others in authority. So why don’t, or didn’t, they take that sort of action that is, and was, so obviously necessary ?
Why did they turn what could be described as a blind eye to unfolding events ?
When well informed and experienced individuals such as Warren Buffett make observations about flaws and inherent dangers in the system, why didn’t the relevant authorities at least investigate what he had to say and determine the value, or otherwise, of its content ?
Like I said, there could very well be more to these past events than meets the eye. If that is the case and it transpires that the financial future of the American folk have been unnecessarily jeopardized by unscrupulous others, then I’d hate to be in the shoes of the perpetrators ! |
