Monday, November 7, 2011

Too big to fail, BUT NOT too big to jail

Tonight, on CBS News,  Mr. Jack Bogle, founder and CEO of the Vanguard Mutual Trust Fund (the largest mutual fund in the country) stated that "wire tapping" and "more law enforcement" were required to correct the abuses of Wall Street.  He believes there has to be "punishment" to make people change.
If someone from OWS spoke like this, blogs and pundits by the score would be ridiculing and condemning this as class warfare, socialism, crazy, and more.
I find it heartening to learn that there are major financiers who know that greed and fraud are killing the American economy.  I wish more of them would speak out or write op-ed columns.

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