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Politics : View from the Center and Left
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To: greenspirit who wrote (105701)3/9/2009 6:05:31 PM
From: Cogito  Read Replies (1) of 540924
 
>>Instead of massive spending and more bailouts, we need an absolutely clear path to reform our financial system. And we won't get that, until we find out in unequivocal terms what caused the breakdown of financial systems worldwide. Which means a bi-partisan commission, or task force to dig out the truth, put together a report and issue recommendations for reform. <<

Michael -

So what do we do about all the banks that will fail, likely taking each other down and causing more failures, while the commission you propose goes digging around to find the root causes of our current problem?

See, I think the root causes are already known. What's more difficult to figure out is what to do about them, especially given that one thing we don't have is the luxury of time.

- Allen
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