"A Man's a Man for all that!" - Rabbie Burns

"Religion? No thanks. I prefer not to outsource my brainwashing." - Bunc
Trying to get your average Joe creationist to understand the phrase scientific theory is as hard as getting a fish to enjoy mountaineering. Its an unimagined world for them - it requires a complete reversal of their normal modes of thinking and being. The fact that humans could explain the complexities of this world without a creating God is a world view they cannot grasp. It's like asking a tuna if it appreciates the view from the top of Mount Everest. Bunc

Sep 30, 2010

Regulation Financial Crisis and Fraud

A very interesting interview with an ex senior fraud regulator from the US throwing light on the financial crisis and the role of outright fraud in creating the current financial crisis. If this guys take on things is correct we should be lining up many of the senior CEOs for long prison sentences. It also reveals the perils of governments trashing regulatory systems. This one is worth watching all the way through.

1 comment:

Looney said...

Of course he isn't wrong, just incomplete. There is no Fannie Mae, no Freddie Mac and no Community Reinvestment Act in his concept of banking. There was no scoring by the Federal Reserve of banks based on their ability to hand out loans to minorities.

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