Saturday, September 18, 2010

RRJ-2

Reference:
Chan,S. and Dash,E. (2010, September 2). U.S. financial crisis panel struggles as final hearings near; Loss of senior members and conflict-of-interest concerns add to woes, retrieved from Lxis Nexis on Aug. 30,2010.
http://www.lexisnexis.com/hottopics/lnacademic/?


Summary:
In the article, the US Congress set up a group to research the reasons for the economic problem. But in an other way, this group has a problem which is that it is a split unit, caused by resigntion of important staff. And the group cannot be successful because of external interference by the Federal Reserve.

Reaction:
In my opinion, if some groups were successful in some tasks like the group in the big recession in 1932, that doesn't necessarily mean all groups can be successful. It be could be that, but sometimes external interference carses problems. Also, how to deal with this problem is just one if many tasks for the central bank. I inference, the group cannot do well, and it has internal struggles; in particular the number of the group is decreasing; they were 14 and became 5 members. And who has a decision appears to be important? after they quit?

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