Inquest for Michael Jackson, But Not Wall St
It is hard not to be dismayed by the fact that two years into our economic crisis so few perpetrators of financial misdeeds have been held accountable for their actions.
–Gretchen Morgenson, “Looking for the Lenders’ Little Helpers“; The NY Times (7/12/09)
“Dismay” is putting it mildly.
More government energy and resources have already been invested determining how Michael Jackson died, then determining what caused Wall Street’s melt-down.
And yet, depending on how you’re counting, $5 trillion — or $7 billion, or $10 billion — of taxpayers’ money has already been committed trying to repair the damage.
Sure, that makes sense . . .