20 September 2008

No Banker Left Behind ~ Socialists 'R' Us

Chatting with Henry Houh over dinner tonight, we observed with not a small amount of cynicism and dismay that the monster "bailout" by taxpayers of the incompetent bankers who managed to get the financial sector in such a mess is, in effect, a No Banker Left Behind act. Saving those supposedly educated and informed financial types from their own stupidity strikes me as a lot less worthy than many other uses of the money. Instead of silver spoon socialism, I'd rather apply the money to more enduring problems. Like hunger, poverty, lack of education, poor healthcare, to name a few.

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