But, it does raise a question I've been asking for some time.

A bit of the Japanese model of taking the heat would certainly do some good here at home. Why have we not seen any of these executives come forward, take blame, and yes even thank the American people for saving their collective behinds in many cases.

Likely, the lawyers are keeping them quiet. The outrage against Wall Street so great - that some may be concerned for their safety or the safety of their families. But I think a bit of good old fashioned blame taking would go a long way. Let me write the script a bit -

"We overreached, we got greedy, we knew it couldn't last, we risked your money and blew it and for that we are sorry. Still, we ask that you trust us again. Invest in America again, we hope that you will. We will work hard to earn your again. This time we will not fail."

That would go a long way toward healing the rift between the people and the Street. On that point, Grassley is right.

This entry was posted on Tuesday, March 17th, 2009 at 10:28 am and is filed under America's Talking, Martha's Glimmer of Hope. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.