Monday, September 15, 2008

This Country is in a World of Hurt

I was up at 3 am and the news coverage was still in full swing. All I could think of is that this country is in a world of hurt. Watching Lehman employees pack up their offices and carry a box out the front door was just awful. And the awfulness has yet to see an end.

Couple that with the folks in Houston riding out Ike and now facing the aftermath - it was not a great morning to be watching the news so early.

I am bewildered and angry that the financial markets melted down. Sarbanes Oxley, regulations up the wazoo, and compliance to the law was pitched as a way to stop the meltdowns and yet here we are. When did we all become Bud Foxx? Or did we?

Hang in there.


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