Monday, October 06, 2008

More un-Systems Thinking

Financial Meltdown Predicted in 1999 And the reason I am so mad This is a great unassuming article from The New York Times back in 1999. Hopefully Malcolm Gladwell (or someone with solid credentials) is researching this financial meltdown as I write this post. Willing to explore the lack of holistic or "systems thinking" and will report back to us the true cause, the tipping point, and some suggestions on fixing the core problem. What has me so mad is the fact that this exact bailout was predicted as a direct result of the Clinton administration's actions. In 1999. From the article:
''From the perspective of many people, including me, this is another thrift industry growing up around us,'' said Peter Wallison a resident fellow at the American Enterprise Institute. ''If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.''
Hopefully at least one political candidate will seek to understand the complexities of the world around us before demanding more of the same stupid changes... Jeff 'SKI' Kinsey
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