Isn't this the way we treat our other military contractors? Since this meltdown was foreseen in the financial press of Hong Kong, what if this is Disaster Capitalism at work? Is Goldman Sachs the Haliburton of Wall Street?
The housing bubble was "engineered," Stiglitz says. And its collapse? Boom and bust is our way of redistributing wealth ever upwards.
How many "mistakes" does it take to make a policy? Only two points define a line, yet the disasters just keep coming, with no attempt to connect the dots? As an earlier commenter mentioned, if Paulson and Bernanke and the whole "fundamentals are sound" crowd didn't see coming what many people did, then are they incompetent, or is the "disaster" the actual policy?
Posted 09:21 AM [ET] on 10/22/2008
Robert L. Borosage - Huffpost Blogger
[This comment now appears directly that of Mr. Borosage.]
One more thing.
Just what do you mean, "may not matter?" Isn't that like Palin saying, doesn't matter how global warming is happening? It "may not matter" that our leaders may be defrauding us as a matter of policy? That it's BushRoveCo policy to suppress voter turnout and pervert the tabulation?
"May not matter," you say? Mr. Borosage, I think it matters a great deal.
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Posted 11:18 AM [ET] on 10/26/2008
[Another attempt at replying to darcy.]
Posted 11:38 AM [ET] on 10/26/2008