I think of it as The Fool's Journey. I've been asked who the "fool" is. It's me, but in the classical sense of the court jester. Only the fool was allowed to tell the king of his follies.
All cartoons are available as prints or originals, framed or unframed, through my website or e-mail. For mugs, t-shirts, and other products visit my gift shop at www.zazzle.com/jcrowtherart* (be sure to include the *).
Three's a Crowd
More craziness from the wonderful world of politics and economics. Word is out that lawmakers are reluctant to follow-through on increased oversight of financial institutions, lest it have a negative impact on the recovery they claim is now underway. In other words, now that the car with the broken engine is running downhill so well, let's not screw around with it.
2 Comments:
This is a terrific cartoon, John C. Absolutely love it!!!
We do need tighter regulation of the financial industry, but I think at best Congress will be closing the barn door on yesterday's crisis, with little impact of preventing the next one.
We need to eliminate these wacky derivative securities. Warren Buffet referred to them as "time bombs" and "a fool's game." Guess what -- he was right. But too many people earn ridiculous fees brokering them, so they won't go away without an act of Congress.
Congress can't regulate what it doesn't understand. If these things were too complex for Bearn Stearns and Lehman Brothers, I'm certain Barney Frank has no clue.
The solution is simplicity and transparency. Given our tax code as a prime example Congress' inability to make things clear and simple, don't expect Congress to solve anything.
Post a Comment
<< Home