The parallels with the financial sector meltdown are evident -- poorly considered incentives, lax oversight, outright fraud, and regulatory capture. And with the same precipitating factors, we get the same result: the American taxpayer is left with the bill (upwards of $3.6 billion last year). Why did Phill Gramm think we are a nation of whiners? We are behaving like a nation of panhandlers.
Sunday, September 21, 2008
Jump on the bandwagon....
Equal Opportunity Panhandling
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