Posted by: arkachips | March 27, 2009

sex, money and war

The medical journal, Lancet, tells it like it is.

“When any influential person, be it a religious or political figure, makes a false scientific statement that could be devastating to the health of millions of people, they should retract or correct the public record.

“Anything less from Pope Benedict would be an immense disservice to the public and health advocates, including many thousands of Catholics, who work tirelessly to try and prevent the spread of HIV/Aids worldwide.”

So much talk about regulating banks from Darling and Brown and Geitner and elsewhere, but all I see is speechifying to appease the masses. With a wink wink at the bankers. The governments, the politicians, are in the pockets of the banks and the rich guys who want to see more and more money, and if the politicians in their country won’t help, then off they go elsewhere. Or off to another politician, help replace the government with one more willing.

Just the way it is. I really can’t see any change coming. At best, they’ll be some basic safeguards, and at worst, just  show of safeguards while business carries on as usual.

Chancellor Alistair Darling –

“You can not have a situation where somebody is being paid in such a way that actually puts a bank at risk and therefore, as we have seen, puts an entire country at risk, and when you get to a situation where people are getting paid more in bonuses than they are in salary.”

Mr Darling is to address a conference today organised by the Financial Services Authority (FSA).

He is expected to discuss proposed reforms of the regulatory system and tell banks to act in the interests of their customers and not just a minority of employees.

Treasury Secretary Geithner –

Mr Geithner said “our system failed in basic fundamental ways” and the US government had not had “adequate tools” to handle the crisis.

He said “comprehensive reform” and “new rules of the game” would be required to address the crisis.

Gordon Brown –

“Markets depend on morality in the end,” he said. “We are building for the first time not just a global economy but a global society.

“We have to clean up the banking system. I know that people are angry at what they see in banking bonuses and remuneration.”

Further on the Geithner regulation plan, maybe it’s just me but it made me extremely uneasy. Chance to control everything, get strings on everything, one command centre. It sounds like even greater chance for a select few to gain at the expense of everyone else.

Now on to Afghanistan. I was greeted by the headline that O was throwing out Bush’s plan there, but reading into it, I couldn’t really see how except for the antagonising of Pakistan. I say antagonising, not targetting, because Bush did target Pakistan. It’s quite strange. Even before the election, kumbayah the world, peace and love to Iran etc, but when it came to Pakistan? Not so friendly.


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