11 February, 2009

Why reinvent the wheel?

Dear Mr. Geithner,

Please take note. Prime Minister Brown in Britain has a few things to say about steps his government has undertaken since last October in respect to dealing with banks for their irresponsible and excessive risk taking. Please watch this video; maybe there are some lessons to be learnt here. If what the American banks and Wall Street are looking for are details about short term and long term dealings, Gordon Brown speaks of 9 short term steps already pursued in assuring "no bonuses for failures" and five long term goals still being looked into. Short, but convincing. How is it that the British government can act within weeks of the crisis, and your government can not?

It can start with a public declaration of "profound and unreserved" apology from the bankers.

signed,

Curious But Puzzled

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