Friday, July 25, 2008

Why no outrage?

James Grant writes in the WSJ that Wall Street's damaging recklessness has been met with near-silence.
Huey Long ... once compared John D. Rockefeller to the fat guy who ruins a good barbecue by taking too much. Wall Street habitually takes too much. It would not be so bad if the inevitable bout of indigestion were its alone to bear. The trouble is that, in a world so heavily leveraged as this one, we all get a stomach ache. Not that anyone seems to be complaining this election season.
Read the whole thing.

Hat tip, to the dispenser of tasty odd bit morsels tonight, once again: Jed.

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