It's as if we've forgotten that these very same financiers not so very long ago took down the global economy with their bewildering array of fictitious financial instruments and gambling operations, many of which are still in play. Now we expect them to work in behalf of the common good?
With only five years to go until the deadline for the Millennium Development Goals (MDGs), the poverty reduction agenda has been set back. All is not lost, however. Reducing poverty on a massive scale is doable.
Legislative and media attention is rotating from health care to financial reform. Yet few are talking about the balance sheet of the Federal Government. Historically they don't. We have seen this story unfold before.