says AIRBORNE PRESSanimated airplane

January 21-22 2009

January Memorium:

Phil Woodall

Jett Travolta

In Memory...
Horace Pope
A four-month-old visitor to Berlin's Madame Tussauds wax museum, holds a flag and wears Obama-stickers during the presentation of a wax likeness of incoming US president Barack Obama. From stock traders to battle-weary soldiers to everyday citizens glued to their television screens, the world was awaiting Barack Obama's swearing-in Tuesday and the dawn of a new era of US leadership.
(AFP/File/Barbara Sax)
(AFP/File/Barbara Sax)"
Depravity of Man: Greed

by kt

The complex financial morass is way beyond me or the average citizen for that matter. Well, to be honest, I really don't know anyone, even supposedly the best and the brightest who understand it.

In some ways, it defies logic. Here's what we know: we have already given billions to bankers who, if they did not cause the problem, were surely complicit in the first place. The man, in my opinion,(Bush Treasury Secretary, Henry Paulson) who forked over the first several billion to his buds without requiring any accountability didn't once mention conflict of interest. Suspicious? If the Secretary of Treasury calls up his buddies-calls them by their first names- does it make any difference? I THINK SO.

At the heart of our financial mess has been good old greed. Who can deny that? What no one seems to be willing to admit is that man left to his own devices will choose self-interest everytime. I THINK SO.

Why does no one talk about greed. Why do we keep avoiding the conversation? Tell me the last time you heard a politician mention greed. Often we want answers, but they are into spin when the answer is simply--Greed! In spiritual terms, which are as good as any, it is called the "depravity of man." I THINK SO.

If there has ever been a good example of the depravity of man, Bernie Madoff, 70, is it. He bilked mostly his friends out of billions. The laundry list of his transgressions are too much to even discuss. Another crook, in terms of "brass," is Richard Piccoli, 82, who got over 4 million from duped smart people in a 2 year period. I am amazed on many levels as these two guys should have been out playing with their grandkids. I THINK SO.

Answers? I don't know any better than those who are making the decisions. But, absent of knowing, I think we are doing the best we can by at least doing something. Maybe the Obama administration will have better ideas to solving the financial crisis like some regulation, so if we bail these banks out( Obama Bank rescue plan)they will do the right thing instead of being greedy and buying more banks.

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