I was reading a bit about the new National Socialist experiment America is conducting during the last months of the Bush administration (without all the Aryan superman stuff that so fascinated the German mind of the 1930s, of course), when this thought occurred to me:
The $850 billion bailout plan just passed by Congress now allows the government to acquire part ownership of the financial institutions it is bailing out (for example, it owns some 80% of AIG). But the government also regulates these institutions--that is, the government regulates the businesses it partially owns. Isn't this the very definition of "conflict of interest?" Isn't this a crime? How can the regulator honestly regulate himself? Shouldn't the government begin a criminal investigation of itself? Maybe it will indict itself, try itself, convict itself, and sentence itself to federal prison where, in yet another conflict of interest, it will guard itself.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment