Welcome to the official website of Jim Brown - New Column appears each Monday!
This site is part of Brown Publications and The Lisburn Press
You are visiting my site on: July 24, 2024

Greed is Good-right?

Jim Brown Audio Player
Getting your Trinity Audio player ready...

During the almost 12 years I spent as an insurance regulator, I continued to hear the cry that there was “too much regulation taking place.” Limit the regulation, and let the free market work its magic. Well, the so-called “magic” has come to pass. As I wrote last week, not just on a national level, but right here in Louisiana. So regulators stood aside, and the element of Wall Street greed has taken over. $20 million annual cash bonuses. Sell sell sell, with little concern for the stability of the financial market. The mentality of Gordon Gekko, right out of the movie Wall Street, has apparently taken over the whole system. Remember Gekko’s words? “Greed is good.” You can hear the wisdom of this Wall Street philosopher below.

[kml_flashembed movie="http://www.youtube.com/v/JaKkuJVy2YA" width="425" height="350" wmode="transparent" /]

2.jpg

 

 

 

Leave a Reply