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Tuesday, February 22, 2011

Shorthand: Tea-Party Logic

Fraud on Wall Street => we have to bust the unions ("they're broken")

This is what passes for leadership on the Right in America? (I feel like Israel: "There is no partner for sanity").

But it goes further.

What is the "correct" response to fraud and 'too big to fail' in the financial system?

GOP Ans:
  1. 1. defund the consumer financial protection bureau, CFPB
  2. 2. insist that the largest insitutions get even more humongous, by terminating FannieMae and FreddieMac (remember, with the collapse and acqusition of Bear, Lehman, Merrill, Wachovia, WAMU, the largest already got something like 20% larger than before).