Bob Franken: Recession Depression

[marmar]

from HuffPost:




Bob Franken
Recession Depression
Posted March 18, 2008 | 08:50 AM (EST)


Here's my question: Will the CEOs and top financial managers whose sleazy wheeling and dealing has caused our economy to buckle get extra millions in bonuses?

How could this happen? How could all those highly-educated, pin-striped captains of financial industry continue stand to stand there with straight faces and assure us they will lead us out of the wreckage they created? How is it no one is talking about their individual criminal accountability?

How are we supposed to believe anything these people tell us? How many times do we have to our life savings stripped away by these conspirators in greed?

We never learn do we? This crash is amazingly similar to the dot-com burst and to that big daddy back in 1929. In each of these debacles you have that generation's creative operators, using pretend money to get sinfully wealthy.

The rest of us enthusiastically went along because we were getting a few dimes ourselves. Then as now, the inevitable happens and we all discover that the big big bucks were counterfeit.

As for our political leaders, all they do is bleat about their concerns... after the fact. Until the house of cards collapses, they look the other way, too beholden to the fat cats who keep them under control by sharing a morsels from their banquet.

There's one thing we can learn from this latest episode. That is we never learn. .....(more)

The complete piece is at: http://www.huffingtonpost.com/bob-franken/recession-depression_b_92052.html