Why does a car have brakes? ~ Bill Moyers interviews former Citigroup CEO John Reed

Why does a car have brakes? ~ Bill Moyers interviews former Citigroup CEO John Reed

Bill Moyers interviewed former Citigroup chairman John Reed about the financial crisis. When asked about government regulation, he replied with this about cars and brakes (paraphrased):

Reed: Why does a car have brakes?

Moyers: To stop.

Reed: NO! A car has brakes so you can go FAST.

Imagine if you had a car without brakes–and you knew it.

How fast would you go?

via Moyers & Company Show 103: How power and influence helped big banks rewrite the rules of our economy. on Vimeo.

Get in! No time to explain!

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