Word: blame
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Recession Redux It is too simplistic to blame greed for the financial mess [Sept. 29]. The fault is a broader human trait: the reluctance or inability to consider the downside of a situation that has so many attractive features. The financial products at issue were profitable, and people were getting houses. Any problems that arose would be taken care of tomorrow. Wonderful invention, tomorrow! Kenneth Viste, Boise, Idaho...
...Before this latest crisis, investment banks and their executives were hailed by the media as heroes. Now they are suddenly cursed as villains. When the big blame game is played, the role of the media should be included on the score sheet. Roger Almeberg, Helsingborg, Sweden...
...with condoning, even encouraging, violence. As Gyari noted, Chinese officials were later forced to recognize the protests as “a strong expression of discontentment” on the part of the Tibetan people, not the result of an inflammatory religious influence. But more than a misplacement of blame, Gyari worried that severe prolongation in discussions would force the aging Lama to live his remaining days in exile in India. If this were to happen, he said, “it would take generations for the Tibetan people to forgive the Chinese policies.” But looking ahead...
...about confidence, stupid. Plummeting markets keep the economy the primary concern of voters everywhere, but remedies are a tough sell - especially for governments that have been in power too long to blame the current mess on their predecessors...
...place [Sept. 29]. A few CEOs made an ungodly amount of money but are just a small portion of those who work on Wall Street, most of whom are considered middle class. Those who got rich off the real estate boom haven't had to share any of the blame. So what if they made millions? So what if speculators were flipping houses without ever intending to move into them? So what if people took out numerous credit cards and bought homes they couldn't afford? I had nothing to do with these securitizations, yet my children, my grandchildren...