In this disappointing piece, another hope of reform is showing signs of demise. The Financial Crisis Inquiry Commission is going the way of most committees. It reminds me of how my Homeowner’s Association works. What fun those meetings are. It also may explain why one staffer there has “gone dark” like an older big box retailer.
I want to thank all those who have commented in the last couple of days and I apologize for being slow to moderate comments.
Some bankers are asking, what can we do? Just asking is a beginning. Policymakers need to know that banking is a democratic business. All points of view are present. However, different values inform different perspectives. We are called to discuss those values. Who was it that said, “you can’t teach a man something that his salary depends on his not learning”? This has little to do with intelligence. Lobbyist mercenaries have 1/1000 the credibility of real bankers on the ground.
Write your representatives. This is a form of free speech that is not debatable. Cut your contribution to your company’s PAC.
If you are a Representative or Senator, ask a visiting lobbyist to find another career. Roll up a message, put it in a bottle, and ask that it be hand delivered to the CEO of the bank or advocacy group in question. Tell them to take it out of the bottle and stuff it. Better yet, wrap it in cash. That will put your message on an equal playing field with theirs. Don’t be so polite. Stop accepting campaign contributions from those whose business is before your committee. Dig deeper.