[lbo-talk] a fresh rant on the bailout

Shane Mage shmage at pipeline.com
Wed Feb 11 13:16:14 PST 2009


On Feb 11, 2009, at 3:34 PM, Jordan Hayes wrote:


>> There is a very large cadre of civil servants whose expertise is
>> in running banks honestly and prudently.
>
> I don't think we're talking about the Bailey Building and Loan here

Please, kind sir, explain why honesty and prudence are sufficient for "the Bailey Building and Loan" but not for Bank of America?
> ...
> If civil servant "bank examiners" are so good at their jobs, how did
> we get here in the first place? ;-)
>
Dennis's comment is right on target (except that the accent on Sousé is *aigu*, not *grave*).

Shane Mage


> This cosmos did none of gods or men make, but it
> always was and is and shall be: an everlasting fire,
> kindling in measures and going out in measures."
>
> Herakleitos of Ephesos



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