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November 11, 2007

Ben Stein

...in today's New York Times.

It’s Time to Act Like Grown-Ups

NOW for a few thoughts on the credit crisis and the need to prepare for retirement.

...Next, when I saw that Citi had taken a bath in collateralized debt obligations and subprime, and saw that Robert E. Rubin had been on the board in a major position and had failed to stop the train wreck, I was staggered. And now he has been named chairman. He couldn’t protect Citi’s stockholders, and now he’s in charge? And let’s remember, he was Treasury secretary when we had the first part of one of the worst bubbles in stock market history. What on earth are the Citi directors thinking?

... But it certainly hurts to spend day after day, as I did this fall, at Walter Reed Army Medical Center — where the incredibly brave wounded soldiers from Iraq and Afghanistan learn about walking and eating without their natural legs and arms — and to realize that the America for which they’re fighting is led in so many arenas, especially the money one, by such weak, disappointing specimens.

It’s high time that the America for which soldiers sacrifice so much is run on a moral standard more like theirs. And this is without even talking about Section 60 at Arlington National Cemetery, where fresh graves are dug every week and the fresh tears keep the ground damp. They deserve better.

Posted by tree hugging sister at November 11, 2007 12:05 PM