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...Stulz of Ohio State University, for one, has written papers trying to clear Wall Street pay and credit-default swaps of any blame. Despite recent apologies, Goldman Sachs executives, too, say that they are no more to blame than anyone else in the financial markets. (See high-end homes that won't sell...
Another big difference between the 9/11 commission and the FCIC is the transparency of the process. The 9/11 commission, because it involved national security, held many of its hearings in private and then at the end produced a massive report. The FCIC says it will hold most of its hearings in public, and will quickly release any information it uncovers. Two members of the panel, Keith Hennessey and Byron Georgiou, have their own blogs. Last week, Hennessey, who was a White House economics adviser to President George W. Bush, asked readers what he should be asking bank CEOs...
...recent times military operations by the British and Soviets in Afghanistan did not end well. It looks as if the U.S. and NATO have not learned from the past. America is fighting for security and a united world, an aim that will only lead to further security in airports. Tristan Meillard Rennes, France...
...Klein's article did not show Obama's mind-set, which was reflected throughout his speech. He consistently opposes war, and his intention in committing more troops to Afghanistan is to bring a speedy end to the conflict. Obama is right not to dramatize the war, for doing so would merely rebrand it a box-office attraction. The President's speech should be praised for its message of regrettable military necessity rather than drama-filled military glory. Paul Stafford Western Cape, South Africa...
...they were that difficult to save,” Stone said. “When we had real Grade-A chances, we shot it right into [Vigilanti’s] pads or shot it wide. We played on the periphery and didn’t jump into the deep end...