October 8, 2008 | Mark Paradies

The World of Business and Finance Discovers the “Root Cause”

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How many times have you heard the “root cause” of the financial crisis is….

All these articles use the words “root cause” and none of them have the same answer:

http://www.treas.gov/press/releases/hp1182.htm

http://www.marketsmediaonline.com/news_details.htm?wP=1&wPI=4&cN=1919

http://www.scmagazineus.com/Managing-risk-in-hard-times/article/118803/

http://www.forbes.com/opinions/2008/10/06/dow-bailout-economy-oped-cx_bw_bs_1006wesburystein.html

http://news.infoshop.org/article.php?story=20081006125220282

http://www.todayonline.com/articles/279991.asp

http://www.tuftsobserver.org/feature/20081006/tufts_speaks_out_on_the_f.html

It’s too bad that we can’t have a real, professional, advanced root cause analysis of this issue before we start spending all of our children’s money to fix it.

Unfortunately, the same financial wizards and political king-pins that got us into this mess, will now decide how we will pay to get out of it.

Blame will be pointed at those too weak to defend themselves and to areas that don’t indite the powerful.

And the world will spin on … without learning from our current mistakes.

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