Mr. Geithner you can legislate against greed, the Glass-Steagal act was one such example. Until it was weakened and then finally repealed, we had almost 4 decades of bubble free economic activity. The stupidity part, there has to be a way somehow. Having persons such as yourself, Robert Rubin and Hank Paulson banned from being able to wheel and deal on behalf of your former cronies would be nice. How to keep the economic interests of the very few such as Jamie Dimon, from wrecking the economic interests of the many, is the fundamental question. The ways to keep C.E.O’s payouts high, conflict greatly with the interests of your average worker, individual corporate success depends on keeping labor costs deflated, but the low labor costs hinder a strong overall economy. So we are back to the needs of the few outweighing the needs of the many, a direct contradiction to most logical and philosophical views but that is what happens in pure capitalistic societies. The government ceases to exist for the greater good and operates to serve the wealthy thus transforming itself into a plutocracy.
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