I heard in National Public Radio, and read in some national weekly magazines that new schemes are now being hatched (and already money being misused) by some of the companies being bailed out by the Federal Reserve. It seems obvious then that the first economic challenge faced by our president elect Mr. Barack Obama and his administration will be to clean house.
Bailing out the institutions that caused our present economic woes with their greedy and unethical behavior may be unavoidable, but if the bailout money is given to the culprits; that is, those who personally caused the problems in the first place, we may be headed for trouble, maybe really big trouble. These individuals could be more dangerous to our country than Osama Bin Laden. They can break and bankrupt America. Apparently, they are creating new and more dangerous situations even as I write these lines. And they should be punished and their licenses revoked or suspended. Besides, if we don’t punish and replace the culprits, are we really changing our direction? Please advise me.
Quote of the day: “You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you”–Dale Carnegie
Filed under: Current Affairs | Tagged: America, Bailout, National Public Radio, Osama Bin Laden, punish and replace, rio guzman, Wall Street |
Rio Guzman's Journal 