Politicians continue to “sacrifice the public interest. “Boot out all the politicians” that protect and have financial incentives to continue ineffective regulations of the banking system. Listen to the Michael Lewis interview? Banks continue to be subsidized by USA government and if there is not substantial “rule change” it will be “outrageous.” “Any politician who sacrifices the public interest to remain cozy with Wall Street firms, will be booted-out,” Lewis says based on his tour around the Country.
His “newest” book Boomerang tells the story of regulators, Administrators, the FED and even Bank CEO(s) who were unable and/or unwilling to see that no regulated investment firms, mortgage givers, builders etc were going to see the down-fall of the financial system from sub-prime lending because the people who make laws, enforce laws, and public investors(Wall Street firms and Banks) had financial interest in “arranging the facts” so they could continue making millions. He tells the story through the eyes and experience of a few “outsiders” (“socially isolated from Wall Street”) who saw this boom as a House-of-Cards and shorted This Market.
His interview on Charlie Rose, the pages of the book you can read on Amazon, and his books,”The Big Short” and “Boomerang” give substance and articulate the reasons for our finance collapse, our rightful anger, and the world’s need for us, as US citizens, to insist on real reform and regulation of Banks and to demand Congress pass and The Administration to create and enforce substantial change.
The interview and book are compelling “to throw the bums out!”
Charlie Rose – Michael Lewis4/22/2010Author Michael Lewis on Goldman Sachs http://www.charlierose.comhttp://www.youtube.com/watch?v=H1UzL3-374w