The Monster Still Lives

We're still not out of the woods. Via Newsweek:

"Goldman Sachs and JPMorgan Chase have reported huge profits, the Dow has made it past 9000, and Barack Obama has moved on to health care. The horror show seems to be over. But as in one of those clichéd Hollywood endings, the monster in this story isn't really dead, even if most people think he is. Lost amid all the premature self-congratulation is the fact that the deepest underlying problem that caused the financial disaster is not being solved.

The problem: how to control and keep tabs on the market activities of giant firms that cause such a disruption to the system they can't be allowed to fail."

This is the United States of Amnesia. We tend to forget all the meaningful details in no time. The heavy lifting always seems to be pushed off to the next guy. I hope we can stick to getting real change this time and maybe our approaches to future problems will reflect this shift.

Source: Newsweek