Thanks to folks like Phil "We've become a nation of whiners" Gramm and Newt Gingrich, our financial systems and major corporations lost oversight. First they tied the hands of the refs, then they cut their numbers. Next, when Bush became president, they replaced the NFL-quality refs with NBA-quality refs.
Is it any wonder that the game seems fixed in favor of the CEOs and against the long-term interest of shareholders, employees, and the economy as a whole? As Obama says, this isn't some random event, but rather a consequence of Gramm-style deregulation.
On our nation's 221st birthday, our national finance system is teetering on a collapse not seen since 1929. Sure, greed on Wall Street is to blame, as is greed on the part of mortgage brokers, real estate agents, and yes some home owners. But Washington created the environment where this was possible. Even CitiBank founder and Federalist Papers author Alexander Hamilton would be ashamed at what has unfolded.
So since Americans all understand sports analyogies, let's bring the refs back so that both sides play fair and that we all can enjoy the game.
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