Friday, March 20, 2009

Taking Responsibility, Truman, Obama and Madoff

Harry Truman was known for the saying:
The Buck Stops Here

And it seems like Obama has decided to use his version of it:

“Washington is all in a tizzy over who’s at fault,” Mr. Obama said. “Some say it’s the Democrats’ fault, the Republicans’ fault. Listen, I’ll take responsibility. I’m the president.”

Only time will show if it's just words, or will be really do something.
And continuing in the realm of financial responsibility, Bernie Madoff is no longer the sole "arrestee" in his Ponzi scheme. It did seem impossible to believe that he alone was/is the only person aware that his investment business was a fraud, fake and illusion. It seems obvious to many or most that he is protecting his family. The choreography of his sons turning him in is just too, too much of a screenplay.
Finally, his accountant was arrested, faces charges. David G. Friehling, one of the primary auditors for Bernard L. Madoff, is now out on bail.
The acting United States attorney, Lev L. Dassin, said that while Mr. Friehling was not accused of knowing about Mr. Madoff’s scheme, he was charged with deceiving investors for years by falsely certifying that he had audited Mr. Madoff’s books.
Is Friehling like a Kashrut inspector who won't eat from the places he signs the OK for?
And what will Obama do besides taking verbal responsibility for the AIG farce?
What is "taking responsibility?"


Keli Ata said...

Obama doesn't have a clue as to what taking responsiblity means. What does he do when the heat gets a little too hot following the AIG scandal? He goes on the Jay Leno show and makes cruel jokes about the handicapped and the Special Olympics.

Keli Ata said...

The difference between Barack Obama and Bernie Madoff is that Madoff is getting hate mail, scorned, cursed. Obama smiles and nobody makes a beep.

Batya said...

Obama's time will come. The teflon will wear off.