Former Connecticut Senator Chris Dodd who nine days previously -- a fact he repeated often -- had assumed the role of Chairman and CEO of the Motion Picture Association of America (MPAA) recently spoke about the state of the industry.
That old metaphor -- Latin America as the U.S.'s backyard -- is indicative of the American habit of viewing the region solely in terms of problems to be solved. What a shame: There is so much opportunity to be found in Latin America.
No one suggests that we don't need laws against stealing, and that it should just be left to individual conscience. But when it comes to stealing a whole house, that's exactly what some people seem to think.
Many of the same people who are now creating proposals to reign in the financial industry were, 10 short years ago, the people eating cake as they destroyed the barn door of regulation and let the big banks run free.