Sunday, February 01, 2009

Desmond Tutu at Davos

There was a lot of comment that President Obama would not let any of his high powered economists attend the World Economic Forum in Davos. Those NOT making the trip this year included Tim Geitner and Laurence Sommers. Fotunately, according to the BBC coverage Archbishop Desmond Tutu did make the trip and offered these two comments that sort of wrapped it up... even if he were NOT the last speaker.

According to the BBC's Tim Weber:
South African Archbishop Desmond Tutu said "we worshipped in the temple of cutthroat competition, and so some cooked the books, because the treasure is so great".

"We spend billions on banks," Mr Tutu said, "when we know that a fraction of this money could save all the children in the world."

Unfortunately, those who need to hear this are deaf… or at least tone deaf as evidenced the scale of bonus payments from Wall Street / banking firms that needed federal bailout money.

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