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Ignoring Term Limits – A Bad Thing

In Money on October 24, 2008 at 02:42

Greenspan’s Mea Culpa – One could argue that the entire present credit crisis is due to unfettered concentrated power in one man. This happened only as his tenure extended into its second decade. As time passes situations change and fresh ideas are always needed. This is why you hear “reform” repeatedly; you need to amend regulations continuously to better match the present markets.

Bloomberg Manages to circumvent Term Limit – This is a bad idea. His intentions (staying in public view till the next presidential elections) and his previous good record don’t matter.

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