Wednesday, September 16, 2009

Tales from Bailout Nation Pt. IXX

Above almost anything else, capitalism relies on the rule of law. When the laws are broken, bent or ignored by the very people commissioned to regulate free enterprise activity, you have the potential for the crony capitalism that existed between the housing industry and Congress and for which was largely responsible for the giant meltdown that resulted.

B-Daddy is wondering why a hugely important judgement that was handed down yesterday and which seeks, in part, to restore accountability and the rule of law has not received more media coverage. The details here.

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