The House financial services oversight committee has come in with its full report on the MF Global collapse and pins unequivocal blame on then CEO Jon Corzine as well as regulators and rating agencies. Charges are now needed to follow through in restoring the rule of law to the land of finance. Here is a direct link.
Dallas Fed President Richard Fisher says that if the worst happens and the nation goes over the fiscal cliff, he doesn’t see the Fed providing a backstop. Here is a direct link.
One of the impediments to wiser policies is that while many people are excellent at criticizing, too few are willing or able to propose positive steps forward. Talk, talk, talk and too little action. Valuable commentators should be expected to lead with suggestions rather than just drone on about how hopeless things are. To come out of a crisis, the steps are admit, repent, reform, recover. Nader offers some actionable ideas in his latest book.
In his latest book The Seventeen Solutions, Ralph Nader offers what the subtitle calls: Bold Ideas for Our American Future.
“The whole theme of this book…is it’s a lot easier than you think to turn our country around in many directions and make life better,” Nader says.
