Origins, Solutions, and Sovereignty
This segment between Sara Robinson and Bill Beutler on AIG primarily raises three good questions. How did this situation start? What is the best solution? Should foreign sovereign wealth funds be part of the solution?
I'm queasy about characterizing the problem as a disease, if just on the grounds of the organic fallacy. I don't see greed as a problem, and corruption is not part of how this predicament started. Regulation could create the grounds for corruption, though, in the future, so I'm very reluctant to consider nationalization on anything but pragmatic grounds. It's not the lack of regulation, but how outdated the legislative structure governing the financial system has become, resulting in more concern for the chairmen than for consumers with the mortgages.
Powered by ScribeFire.
Sphere: Related Content
Barrapunto
CoRank Español
Delicious
Enchílame
Fresqui Ocio
Furl
Google Bookmarks
Menéame
Netscape
Newsvine
Stumbleupon
Technorati Favorites
Yahoo MyWeb
Write a comment
No trackbacks
RSS 2.0
Bloglines
Live
MyAOL
Netvibes
Newsgator
Rojo
Write a comment
If you want to add your comment on this post, simply fill out the next form:
* Required fields
You can use these XHTML tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>.
No comments
Be the first to write a comment on this post.
No trackbacks
To notify a mention on this post in your blog, enable automated notification (Options > Discussion in WordPress) or specify this trackback url: http://www.radicalcontrapositions.com/left_flank/2008/09/21/origins-solutions-and-sovereignty/trackback/