The last thing the public should do now is turn down the heat on bankers. We have just been through the greatest looting of the public purse in history. We cannot relent until we understand how it happened and have put new rules in place to prevent its recurrence. People like Schwarzman need to understand that the populace is increasingly understanding that what has been depicted up as reform is mere industry serving pablum. Even if Schwarzman is incapable of seeing it, continued pressure will lead some of his colleagues to recognize that they need to embrace change or else wind up in the dustbin of history.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Friday, February 12, 2010
Schwarzman Says Kowtow to Banks or They Will Strangle the Economy
from Naked Capitalism blog. This article written by an honest and moral financial blogger who has a career in the US finance industry provides us with an insider look at banksters. Of course, she believes that the beast of capitalism can still be tamed.