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Financial Crisis Inquiry Commmission
Sorry is Not Good Enough
When a child spills his drink all over the table, that's worthy of a "sorry." When you contribute to the collapse of the global economy, you think we'd deserve a bit more. But, that's not what we got:
Charles O. Prince III, Citigroup’s former chairman and chief executive, apologized for the billions of dollars of losses that caused the company he helped build to nearly collapse. Instead, the bank required three government rescues and some $45 billion in taxpayer aid.
“I’m sorry the financial crisis has had such a devastating impact for our country,” Mr. Prince told the commission. “I’m sorry about the millions of people, average Americans, who lost their homes. And I’m sorry that our management team, starting with me, like so many others could not see the unprecedented market collapse that lay before us.”
Sorry, Charles. That's not good enough. We need more than just apologies from the banksters whose greedy and reckless behavior cost millions of Americans their jobs.
We demand accountability. And, we demand reform to protect consumers from the greed of the banksters. Their contrition is not enough. We need financial reform to protect consumers and hold accountable the people who preyed on the public lest the big banks will act recklessly again.
