"What we need in this situation is authority. Not heavy-handed government regulation, but the steady and powerful hand of some public institutions that can guard against the corrupting influences of sloppy money and then prevent destructive contagions when the credit dries up."
Oh...and 700 billion dollars. We need that too.
I have a hard time believing that we'll end up blaming only those 228 for voting no and attaching no blame at all to the greedy banking institutions and the regulatory framework that enables them. But yeah, we don't need to regulate them or prevent them from preying on borrowers. We just need a steadying hand when they fuck up. Oh, and $700 billion. With no questions asked. kthxbai.
I almost wish that David Brooks were assigned to cover Utah state politics. Now that would be a hoot and a half.
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Oh...and 700 billion dollars. We need that too.
I have a hard time believing that we'll end up blaming only those 228 for voting no and attaching no blame at all to the greedy banking institutions and the regulatory framework that enables them. But yeah, we don't need to regulate them or prevent them from preying on borrowers. We just need a steadying hand when they fuck up. Oh, and $700 billion. With no questions asked. kthxbai.
I almost wish that David Brooks were assigned to cover Utah state politics. Now that would be a hoot and a half.
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