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Friday, January 28, 2011

Panel blames the Fed for financial crisis

American Scofflaw

The spin is already coming out that the blame for the economic disaster is spread far and wide and since it would be unfair to single out any one perpetrator for punishment, that we should all just let the bankers continue on their way with their ill-gotten wealth.

There are two reasons to dump this argument.

1. The fact that there are a million robberies is not a reason not to jail the one robber you have in handcuffs.

2. I agree the blame for the financial disaster is spread far and wide. So are telephone poles and rope. It is unfair to punish just one, so let us punish them all.


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