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Sunday, December 23, 2007

"The Criminal Class"

Following Mark Twain's infamous quip (in a different context), if I were just numb, I'd just let this pass:

“Unfair and deceptive acts and practices hurt not just borrowers and their families,” said Ben S. Bernanke, chairman of the Federal Reserve, “but entire communities, and, indeed, the economy as a whole.” - NYT, Fed Approves Plan to Curbe Risky Lending


Doesn't that sound like a lay description of criminal activity?

If an organized "mob" had roughed-up a bunch of people, would we simply take steps to insure that it doesn't happen again, or would we also look for those responsible and put them in jail?