Investor’s Business Daily | Sep. 14, 2009
A year after Lehman Bros. went bankrupt, Washington plans sweeping new reforms of the financial markets. Based on what’s been revealed so far, our leaders have learned nothing from that crisis.
Today, once again, we’re hearing that unbridled greed and reckless pursuit of profit lie behind all our ills, that Wall Street is “choosing to ignore” the lessons from the meltdown and that new rules are needed to bring the miscreants to heel. But this is exactly backward. [Read more…]