What's playing before our eyes is exactly what I had written about in earlier blogs. We have legislators who write laws and know very little about what it is they are doing. Picture this - someone introduces a bill, discussions ensue, votes taken and the bill passes or fails. This may sound simplistic but one can only imagine the time spent on these proceedings and the amount of legislative work performed behind the scenes. Ever catch the legislators walking around or nodding off to slumber land? Even worse, think of the reams of paper going through the printers with thousands of copies for distribution only to be revised, discussed over as a matter of procedure as nobody reads them anyway.
Guess what, as the government gets bigger, the dysfunctional system as we now have it, will eventually collapse. I would like to believe that this country has well-intentioned leaders who care to leave a legacy for our children and their children. Why can't the focus be on what lies ahead for them? It is critical to move on productively, get rid of self-serving interests and live the Golden Rule.
It is a fact that we are faced with a number of issues. However, we know that when faced with multiple concerns, we need to prioritize. Why is it so difficult for the administration to take one problem at a time? Is it more important to deliver on promises made during the campaign at a time when we are in the midst of a crisis that's begging to be addressed? How can you win over Main Street who is hurting and needs relief? Perhaps Tim Geitner should step down and allow Eliott Spitzer to take over. Perhaps it is time for the president to consult with those who have served before him. We now see that experience does matter.
Undoubtedly, this financial crisis should bring about more than a paradigm shift. But make no mistake to have the government dictate the changes. The financial services industry, collaboratively, must change the way they do business, from product design to market and distribution with financial products that serve the best interest of the customer and not the company's balance sheet. I think that bonuses if awarded at all should be dependent on whether the customer's interest was well served. Bonuses and extravagant trips spur greed and consequently ignore doing what is right for the investor whose only goal is to have a more secure future.
http://riyah6.blogspot.com
About Me
- zoni
- I'm your next door neighbor with serious concerns about our America. Most people have been silent about things that matter because they do not have the facts. This blog's mission is to educate you about the issues that impact your financial security, your health and your values. In the words of Dr. Martin Luther King, "Our lives begin to end, the day we become silent about things that matter". Speak the truth. Be empowered and stand on the facts. Rise in righteous indignation and together we can effect the change to take back America.
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