A more philosophical view of recent years.
I admit to being too free with my silly clichés including, “I can predict anything unless it involves the future!” So now that millions of informed people have the benefit of “20:20 hindsight“, why is it years since the banking crisis first erupted and we are still without a root and branch overhaul of the governance of the industry?
Did you see Per Kurowski’s interview with a leading regulator on Learning from Dogs yesterday? Aren’t we so slow to learn!
Anyway, I waffle on! Let me get to the point of today’s post.
Back on the 1st September, there was a post called Understanding Europe. One of the resulting commentators was Pendantry who is author of a blog called Wibble. He included a link to a poem that he wrote on the 28th February, 2009! The fact that the poem is still so relevant (and when we see what’s happening in Europe perhaps even more relevant now!) is truly shocking. I wanted to republish it which I do with the kind permission of Pendantry. Here it is.
House of cards
When the inevitable strikes,
when the house falls down,
do you patch up the walls,
fix the holes in the roof,
shore it all up,
splash it with paint?
You learn from the mistakes.
You start from scratch.
You call in the architects.
You rebuild the foundations.
You use new materials;
replace wattle and daub
with a sounder design.
Because you’re lost outside the box,
and your mates demand
to regain their riches (and, now!):
You set up the same as before,
perhaps with a few bells and whistles
(spun to persuade that they’ll work).
And… in the end, we’ll believe
that your clothing is not invisible.
“Who is more foolish?
The fool, or the fool who follows him?”
Written over three years and five months ago. Shame on us all!