Monday, September 29, 2008
Dennis Kucinich Isn't Happy
I actually agree with a great majority of his complaints. It isn't that I don't see the need for a massive bailout. I do. It isn't that I don't see the need for a bailout to be delivered quickly and effectively. I do. At the same time, though, I am unsure about pumping any money into a broken financial system without making an effort to fix that system in tandem. There is something strangely unsettling by throwing money at a problem and then talking about regulations as an aftereffect of the nightmare. I want my regulations and my accountability to be a major part of the bill now. Because accountability is important, deeply important. We hold homeowners accountable when they default on loans. We hold customers of banks accountable when they overdraw their accounts. But we do not seem to be making the same effort to hold the members of these financial institutions accountable to the same degree; and that does lend to the idea that we are a nation who does "accelerate the wealth of America upwards".