On Sun, Feb 6, 2011 at 9:36 AM,  <[email protected]> wrote:
> Yes, she does a great job telling us an inside story about these Animal
> House guys. . .and maybe we should just give it a wink and a nod based on
> that. . .
>



I haven't read her book, but from her pieces in the FT, it is pretty
clear that Gillian Tett is no progressive. She is an very intelligent
reporter and a good writer, but that's it.

Specifically she studies the world of finance with the "objectivity"
of an anthropologist, like some tribe with its quaint customs and
rituals, but is unable or unwilling to recognize it for the criminal
culture that it is.

In my mind, that makes her an enabler. Better not to expect too much
from her and her kind.

Just browsing around her most recent FT pieces, here's what she says
about Obama's deficit commission:
http://www.ft.com/cms/s/0/3ccd0f22-f764-11df-8b42-00144feab49a.html
-------------------snip
Earlier this month, for example, Alan Simpson and Erskine Bowles, the
two chairmen of a bipartisan tax commission in Washington, delivered a
surprisingly sensible set of proposals for tackling America’s fiscal
woes, which had been produced in a rare flash of pragmatic
collaboration between both men. But no sooner had those proposals
emerged, there were shrieks of protest from both men’s parties.
“Unacceptable,” declared Nancy Pelosi, Democrat luminary, echoing the
convictions on the Republican side too.

All of this certainly makes US politics entertaining and dramatic:
rather more exciting than UK politics, say. But it is profoundly
unhelpful too. After all, when you look at the big challenges dogging
America today – ranging from Afghanistan to the national debt – it is
clear that the government is beset with problems of great moral
complexity, which can only be solved with subtle trade-offs. What is
needed now, in other words, is pragmatic collaboration – not
passionate conviction. And that is difficult to foster in the current
rhetorical pattern.
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