Posts Tagged ‘Buffett’

A Samurai Congress

Tuesday, March 17th, 2009


Did you hear what Senator Charles Grassley said
regarding the latest AIG bonuses? This is priceless:

“The first thing that would make me feel a little bit better towards them if they’d follow the Japanese model and come before the American people and take that deep bow and say I’m sorry, and then either do one of two things — resign, or go commit suicide.”

He may have meant that literally or just figuratively. But, Senator Grassley is on to something. That might apply to the Congress, which brought us all the deregulation. Ultimately, the House and the Senate brought about the meltdown of the financial system. It was done by undoing the old regulations and choosing not to control new practices. Warren Buffett said that the new highly complex financial instruments are time bombs and “financial weapons of mass destruction” that could harm not only their buyers and sellers, but the whole economic system. And he is certainly right. The ultimate price of a trillion dollars (and still counting) is being paid by each and every American.

Look first in the mirror, Sen. Grassley. Then, address your fellow politicians in the Senate and the House. Here’s the message that’s appropriate:

“Resign, or go commit suicide.”

Click here to contact your representatives in Washington, D.C.:
Our Elected Officials.
Send them YOUR message.

– Byron