Thursday, April 02, 2009 3:20:04 PM
I just saw "Frost Nixon" the other day. The idea that "when a president does it it isn't against the law" still lives at the upper levels of government and banking. That one idea is at the root of this problem. Someone like Hank Paulson still thinks he doesn't have to double check on the rules of the game, nor did Jaime or Sheila when they engaged in this hasty act. In my opinion the idea that the FDIC even looks like it cooperated with JPM's intention to take over WMB is bad for business and for all tax payers. That's the PR issue we need to handle in this settlement; private, special interests undermining the good of the whole. Democracy is a fight against tyranny, tyranny being the modus operandi unfortunately.
My opinion only.
Your line has to be in the water to catch a big one.
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