Desperate libertarian paradigm-maintenace? Jim Devine wrote:
The Looting of America’s Coffers By DAVID LEONHARDT ... The paper’s message is that the promise of government bailouts isn’t merely one aspect of the problem. It is the core problem. ... Do you remember the mea culpa that Alan Greenspan, Mr. Bernanke’s predecessor, delivered on Capitol Hill last fall? He said that he was “in a state of shocked disbelief” that “the self-interest” of Wall Street bankers hadn’t prevented this mess. He shouldn’t have been. The looting theory explains why his laissez-faire theory didn’t hold up. The bankers were acting in their self-interest, after all.
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