[Marxism] Time for a Grand Inquest on the Financial Crisis

[Dbachmozart at aol.com]

Time for a Grand Inquest on the Financial Crisis

by Robert L.  Borosage Co-Director of the Campaign for
America's Future

Posted March  31, 2009 - 05:45 PM (EST)



Treasury Secretary Tim Geithner has  called for
"sweeping regulation" of the financial community,
beginning a  discussion of how we restructure the
banking system -- in and out of the  shadows -- as we
emerge from what Robert Kuttner calls the Great
Collapse.  Literally trillions have already been
committed in loans, guarantees, swaps,  direct equity to
stave off a complete financial collapse, even as the
real  economy declines.

But before we decide on the salvation, we need a  public
probe of the fall. What caused the Great Collapse? We
need a grand  inquest -- either a special congressional
committee or an independent  commission like the 9/11
Commission armed with subpoena power -- to  expose
misbegotten policies, malpractices, and mistaken ideas
that allowed  the wizards of Wall Street to transport us
over the cliff.
 
 
full --
 
<http://www.huffingtonpost.com/robert-l-borosage/time-for-a-grand-inquest_b_18
1475.html>
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