October 11, 2011

Proposed Museum to Symbolize the Bush Banking Era

I propose that a museum be built to the Bush Banking Era. Such a monument would best be placed underground and lit only by broken skylights. It will be cheap to operate, as no guards will be needed since nothing of value will be there. The space would be very deconstructive and postmodern.

On the walls should be an electric sign carrying text messages commenting on the site. Visitors could add to these messages using their cell phones. There should be no admission to a museum of financial mismanagement and fraud, of course, but visitors would be encouraged to make donations to charities for the homeless.

This concrete and plastic bunker could be located somewhere between 9/11 and Wall Street. The exhibits should include valueless commercial paper from failed banks, copies of auditor's reports from Lehman Brothers, and expensive, repossessed furniture from executive offices.

There should be a place, too, for framed copies of some of the millions of dollars in bonus checks issued to the MBAs who masterminded the mortgage market. Indeed, why not inscribe the names of all who received these infamous checks on walls, in alphabetical order, together with the size of their bonuses, so that every American can come and see who they were. It seems only fair, as the American people bailed them out. And in the place of honor, with spotlights on a text written in gold, appropriate words from the Chicago School of economics. I suggest the following:

"If you want to see capitalism in action, go to Hong Kong." Milton Friedman

"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."  Milton Freidman


Proposed inaugural speakers: Naomi Klein and Al Gore.

One can only assume that public interest in this museum will be short-lived, Therefore, it should be designed in such a way that it can easily be converted to a public toilet,