Focus on the problems here and now

Re: 'Beyond the Subprime Bomb' (Nov. 24)

Dear Editor:

Although I have not had the opportunity to read the book, the review leads me to believe that this is just a recap of what has happened. My opinion is that it does not take a doctor or rocket scientist to explain what has already happened.

Mr. Zandi's 10-step program to ensure this never happens again is just a summary of other news events and policies that have already been put into place. It is very easy for us to look back and see what happened, so my question to the financial experts is not what to do to keep it from happening again, but why did it happen and where were all the experts when this was happening?

The only item I thought that was relevant in Mr. Duffy's review was the fact that we should educate our next generation to understand the financial world and provide financial experience that will keep this nation great. History will document what has been done and what has happened.

Let's just educate our children now so that they don't let this happen to them. Any one of our so-called financial experts (Main Street, Wall Street, educators, doctors of whatever) should have seen this in the making and corrected this situation with our free economy and capitalist minds versus blaming the system or the government.

Instead of writing about what happened, we need to put our heads together and figure out how to get out of this mess. That is what we should be writing about. Let's get out of it, then worry about how to not let it happen again. My opinion!

Chuck Petty
Small-business owner
Popcorn Properties LLC
Orlando, Fla.

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