I am about done re-editing the feature film I have been working on regarding the troubled economy. One of the people I interviewed for the film was a business writer at Time Magazine, Justin Fox. We spoke in his office and it was right in the midst of the banking troubles and stinking stock market. He is a bright guy, and funny too.
He has a column out today on the Time site, here, that I find, well, strange. He of all people seemed to be clued in that what America really needs right now is some major change, both in regulation and the leadership of the financial industry that got the country into this mess. Instead, many of the old guard remain in their beautiful offices in New York City, doing exactly the same idiotic investing strategies that almost led to the worst economic crisis since the depression.
What does Prancing Barney Frank and his slow witted brethren in Congress plan to do about this? Nothing. Frank, the godmother of the regulatory sissies, talks a good game, but when it comes to action, he is more a watch and see and wait and watch and do nothing but talk kind of fella.
The economy remains sketchy, at best, and all the "leaders" in congress and on Wall Street are too mystified or purchased to bring about any serious change. When morons like Sarah Palin screech about the country falling into the sewer, they should clarify what they mean by pointing to congressional do nothings like Frank and Pelosi and the entire bought off Republican party and cry a river over those meandering mouth pieces of monopolies.
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