[lbo-talk] crisis-speak

Eubulides prince.plumples at gmail.com
Tue Sep 23 11:39:06 PDT 2008


On Tue, Sep 23, 2008 at 9:57 AM, Shane Taylor <shane.taylor at verizon.net> wrote:


> [David Sirota over at In These Times:]
>
> Most politicians and pundits are bewailing the lack of "oversight" that allegedly led us to the brink of disaster. The rhetoric suggests that the real perpetrators were negligent regulators failing to enforce—or "overseeing"—existing laws. And while there's certainly a bit of that, CBS's Bob Schieffer said it best when he reported that, "This is not the work of those who broke the law, it is the work of those operating within the law—those who pushed the law to the limit, making loans the law allowed but common sense dictated should not have been made."

==============

Oh, no. "It is the work of those who bought the laws they wanted." Of course, CBS doesn't buy laws; they merely follow them.......



More information about the lbo-talk mailing list