Peggy Noonan Nails it Again!


I love this woman’s perspective.  Her call for banks and bankers to take responsibility for the mess they made with their greedy practices is so appropriate for this moment.  Ironically, Scotty and I watched a really dumb TV show recently that made a very compelling argument for corporate responsibility.  It involved the CEOs of a large media corporation asking for a Federal Bailout to save their company and celebrating the prospect with a dinner that cost well over $1000 for two people.  When they’re called out for their irresponsibility, they decide to liquidate their own assents (vacation homes, art, yachts, etc) to shore up their company and avoid having to layoff thousands of workers.  I know that this is so ridiculously idealistic and naive, but wouldn’t it be nice to see that happen?  Here in the UK we’re reading all sorts of headlines concerning failed banks giving billions of pounds away in bonuses to the very people whose greedy policies drove these banks into nationalization.  So the tax payers are having to shore up the failing banks and thus supporting the extravagant lifestyles of the CEOs who are rewarded for their poor management.  It would be so nice to see even one of these bankers stand up and take responsibility!  Maybe even return his “golden parachute” to the employees that were forced out of work by his poor management, or even return it to the taxpayers who are being forced to bail him out.  Again, I know this is completely naive, and I’m on a complete rant, but this is driving me crazy…probably because I am in the middle of doing my taxes and am appalled by the rate at which I’m taxed and am sickened that it is being spent by our congress with no regard to the work represented by each tax dollar they so recklessly spend.  Anyway, sorry about the soapbox speech, here’s Peggy:  A Tragedy of Errors, and an Accounting

About Rebecca

Hi! After five years in Europe, I'm adjusting to life back in the US. I use this blog to record my adventures, post photos, organize recipes, and post about things that interest me.
This entry was posted in Thoughts and tagged , . Bookmark the permalink.

One Response to Peggy Noonan Nails it Again!

  1. audrey says:

    Loved the article by peggy noonan about the jet crash in san diego. why hasn’t any one come forward in the bailout crises admitting guilt? why arent americans demanding it?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s