By JLP | August 30, 2010
Here is today’s Question of the Day:
What’s One Thing the Credit Crisis Taught You?
To me, I think one thing that this crisis taught me is that the government will do anything without first counting the costs of that action. The reason for this is that there really are no consequences for government leaders aside from losing their government position. When the bubble burst, they were quick to haul in all sorts of business leaders and question them as to what happened while they completely ignore their impact.
There were other things I learned too, but this was the main thing for me.
NOTE: by “government” I’m referring to both parties, as both parties played a significant role in this particular crisis.
What about you?