Alan Greenspan, former head of the Federal Reserve, facing tough questions from Congress, acknowledged partial wrong in his efforts to deregulate. He refers to the current economic crisis as "a once-in-a-century Credit Tsunami."
I am no money expert and I am not sure about deregulation or regulation both are a two-edged sword. Nonetheless, let me state unequivocally that neither deregulation nor regulation is at the heart of our financial crisis. At the very center of the problem is humanity! That's right human beings like you and me. Unfortunately, many of these humans are governed by an insatiable appetite for wealth and an unquenchable thirst for power acting more like animals than they do humans. They give the human race a bad name!
What is lacking in humanity whether it is up on Capitol Hill, or over on Wall Street, or down home on Main street is INTEGRITY. While many on Main Street are yelling for prison terms (and rightly so) for those who are guilty on Wall Street and Capitol Hill. The sad truth is, if they were on Wall Street or Capitol Hill they would have been just as guilty. Regardless, of the guilt of the greedy power-brokers and the financial gurus and even though they may buy themselves out of serving time in prison - they remain human though they act like wild animals.
However, one day, like all the rest of us, they will face the Judge of all humanity in eternity where there will be no unsolved mysteries as to who is guilty and who is to blame (Ezekiel 18:20). If men and women lived with this in mind, regulation or deregulation would not be an issue, INTEGRITY would rule the day - "a man's word would be his bond" regardless of race, socio-economic classification, or whether he worked on Main Street, Wall Street, or Capitol Hill.
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