"The Great Depression, we said, 'Hey, we have to learn the facts. What caused this disaster, so that we can take steps, like pass the Glass-Steagall law, that will prevent future disasters?' Where's our investigation?
"What would happen if after a plane crashes, we said, 'Oh, we don't want to look in the past. We want to be forward looking.' Many people might have been, you know, 'we don't want to pass blame.' No. We have a nonpartisan, skilled inquiry. We spend lots of money on, get really bright people. And we find out, to the best of our ability, what caused every single major plane crash in America. And because of that, aviation has an extraordinarily good safety record. We ought to follow the same policies in the financial sphere. We have to find out what caused the disasters, or we will keep reliving them."
-- William K. Black, on the PBS television program Bill Moyers Journal, 2009-04-03
| ← Previous day | (Calendar) | Next day → |