tag:blogger.com,1999:blog-22918248.post3941709875996356814..comments2024-03-26T15:30:39.733-07:00Comments on Rainy Day Thoughts: Is the system irretrievably broken?Rain Trueaxhttp://www.blogger.com/profile/07994628226501093880noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22918248.post-11935770739534861562009-03-30T13:45:00.000-07:002009-03-30T13:45:00.000-07:00Yeah, the system is broken. Unfortunately, the po...Yeah, the system is broken. Unfortunately, the politicians relied, as did Alan Greenspan, on enlightened self-interest, especially of bankers, to regulate the financial industry. Unfortunately, that self-interest was fixated on getting as much profit as possible in as short a time as possible and to hell with ethics. And I would also wonder if the self-interest of the individual financiers involved didn't conflict with the best interests of their institutions and the institutions lost. Perhaps people like Ben Bernanke, who focused his historical studies on the Great Depression, should have looked at an earlier period--the breakdown of the Articles of Confederation and the formation of the Constitution.MaryContraryhttps://www.blogger.com/profile/16350460293199385621noreply@blogger.comtag:blogger.com,1999:blog-22918248.post-47222307259416226012009-03-30T09:55:00.000-07:002009-03-30T09:55:00.000-07:00I beieve that the system is in trouble. Like infra...I beieve that the system is in trouble. Like infrastructure-it needs help !!Paulhttp://shadowofdiogenes.blogs.com/shadow/noreply@blogger.comtag:blogger.com,1999:blog-22918248.post-8173369651801458822009-03-30T07:01:00.000-07:002009-03-30T07:01:00.000-07:00I don't know about irretrievably, but it's broke a...I don't know about irretrievably, but it's broke and it has to be fixed. There's sooo much stupidity by people like Madoff and in government. <BR/><BR/>And the average person thinks people on welfare are living high off the hog. It isn't for most. <BR/><BR/>The welfare system is designed to keep people in its thrall so these can keep their jobs, feel powerful and play games with with lives of people who can't fight back.Kay Dennisonhttps://www.blogger.com/profile/02646717192332313215noreply@blogger.com