There will undoubtedly be a ribbon
cutting and a pic on the front of The
Pioneer for the new brick Edward Jones east of town. I don’t know about you,
but haven’t recovered from the Great Recession, and it’s given me permanent qualms
about the financial industry.
This past week, we celebrated the 10-year anniversary of the fall of Lehman Bros. Much of America will
never recover, & none (not one) of the perpetrators is in jail.
Curious about previous recession
and depressions I went on line, found this, and recommend it highly: https://www.pbs.org/wgbh/frontline/article/were-bankers-jailed-in-past-financial-crises/
It essentially says no bankers or
financiers went to jail after The Great Recession or the Great Depression, but
we did better after the Savings & Loan crisis. Several of the people
did time: Charles Keating, David Paul and other biggies. A slew of ordinary people were chewed up, stood in bread lines, lost their homes, etc.
A critical eye with subtraction skills
observes that 1) greed, 2) lack of regulation and 3) American Dream excess
brought us these horror shows in 1929, 1980, and 2008. They are becoming more
frequent, and student debt may bring the next one on in 10 years, according to some reports.
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