Commentators on both the Left and Right seem to think that if only
we could get the right person to take over these companies and clean up
the financial mess, everything would be OK. All it takes is somebody
competent and honest, because the answers are so obvious. A rotating
series of scapegoats has been created. Paulson? Fool. Geithner? Moron.
Liddy? Stooge. It’s funny how their idiocy didn’t seem to surface so
much in their prior careers.
Maybe the issue isn’t with the men we’ve selected, but with the
problem we’ve asked them to address. Some problems don’t have
solutions. The American electorate seems to be intent on re-learning
the lesson that how to effectively manage socialized means of
production is one of them. The tuition for this course tends to be
pretty steep.
Calm from an unlikely source
Contextualizing AIG.