Major financial institutions declaring bankruptcy, or getting gobbled up by even larger institutions... It's ominous. Got this from Nader this morning:
Bleak Sunday, Momentous Monday, and Nader/Gonzalez Posted by The Nader Team on Monday, September 15, 2008 at 08:37:00 AM
On this momentous Monday, September 15, 2008, we make a simple request.
The prudential choice for 2008.
We woke up this morning early.
Turned on C-Span radio.
And heard Brian Lamb quoting Ralph Nader.
From years ago.
With Ralph warning about extravagance, recklessness, and excessive compensation on Wall Street.
Warning years ago about the undue influence of Fannie and Freddie on Democrats and Republicans alike.
Warning about the failure of our government to protect small investors.
Throughout his career, Nader has strong been a strong advocate for due diligence.
For protecting shareholder rights.
For prudential regulation.
And strict oversight of the markets.
While the Democrats and Republicans have bent to the whims of their corporate masters and Wall Street's bottom line imperatives.
Nader has been steadfast in his advocacy for safety, regulation, and protecting the little guy.
Unfortunately for the nation and for investors, his warnings have gone largely unheeded.
The second portion of the show was with Ralph Nader. Ralph Nader is so awesome. He was really instrumental in kindling my political awareness. I saw him in Minneapolis, MN at the "Target Center." I haven't been the same since. I suppose you could consider it an awakening. I was working, at the time, on a Voter Registration Drive for the Association of Community Organizations for Reform Now (ACORN). I registered a lot of people in traditionally economically depressed and low voter-turn-out areas, can't remember exactly how many, but it was right around 2,500 if I remember right.
Voter registration drives are great. It's good to inspire political awareness.
Anyway, it was a good program. Thanks to Kim and all the good folks at KAOS.
And I hope that I can find a mp3 from the show so that I can plug you in to the discussions. - bert