Friday, September 3, 2010

Bank Bailout List

A while ago, I mentioned that the court was to decide whether Mr. Bernanke had to make the list of 20 banks that would have failed if not rescued available to the public. Last week a court said this list must be made public. I wait to see this list, but also know that it is not in his best interest nor these banks to do so. I wonder if he will appeal the decision.

After this event, Mr. Bernanke said he felt, "sad...." that Lehman Brothers failed, but said he couldn't do anything. I do not understand what made that company different from the too big to fail group, given the market havoc its bankruptcy created.

Once this list is available, we are going to find out the magnitude of the lack of 'objectivity' with the feds in how they chose which institutions to rescue. Transparency here will show where changes are needed. I expect more market upheaval with this knowledge.

We can use this situation to apply to our personal lives too to see where transparency is needed. We have places within that are subjective and need to be exposed for our health and well-being. Wherever resistance is felt, the truth waits to be revealed. We need to either develop or access our own inner justice system. This will automatically contribute to changing our outer system where our courts are acting on our behalf. Again, as I said in the last blog, each of us is important to creating change where needed in our government, schools and so on. We can take the lead by consciously changing ourselves and then deciding what contribution we want to make to help pave the way to implement the changes.

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