Tuesday, October 23, 2012


Why if they call bankers immoral greedy gangsters, or worse, there is almost no protest, but, if I simply call regulators dumb, because I hold their dumb regulations to be directly responsible for the current crisis, I then get so many admonishments to be more polite? 

Is it that bank regulators are of a kinder and gentler breed, and so therefore we must treat them with more delicacy? Well forget it! Too much is at stake!