Business as Usual

in the radio address, Obama closed with language that suggests he will continue to try to walk a fine line.

"And I'm going to continue to work with Congress on common-sense financial reforms to protect people and the economy from the kind of costly and painful crisis we've just been through," he said. "Because after a very tough two years, after a crisis that has caused so much havoc, if there is one lesson that we can learn it's this: We cannot return to business as usual."

What does he mean? “We cannot return to business as usual.” For thirty years “business as usual” was pretty good. The economy was booming, people were building new homes, travel was available, electronic toys and device were starting and came to a crescendo, medicine made great advances. Olympic records were broken. The cold war ended. Business as usual is beginning to sound pretty good.

There were risky activities going on in the banking business during the last twenty years.. The efforts to make it easier for more people to own homes, led to many risky loans.

President Obama need not change the banking structure, but should only change what led to so many risky loans made to people who did not have the resource to pay for their loans.