World-News

Our Future
by Isaiah J. Poole

05/22/09

President Obama’s signing of a financial fraud crackdown bill this week has been largely overshadowed by the erroneous and irresponsible rantings of Vice President Dick Cheney and his right-wing fear-monger allies, and that’s unfortunate for two important reasons. One, it’s a significant victory progressives should celebrate. In addition to giving the federal government new tools to detect and punish the kind of law-breaking and deception that is at the root of the economic crisis, it creates a ‘Financial Crisis Inquiry Commission’ charged with examining ‘the causes, domestic and global, of the current financial and economic crisis in the United States.’ This commission is charged with playing the same role that the Senate commission led by Ferdinand Pecora in the 1930s did in exposing the wrongdoing and ethical breaches that precipitated the Great Depression...

http://tinyurl.com/odbxw8


Informant: Thomas L. Knapp



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