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   Dan Savage, the brilliant and foul-mouthed sex columnist, has become one of the most important ethicists in America. Are we screwed?
 The federal government is supposed to issue new rules about debt levels for students in for-profit colleges. In the meantime, the states are working on their own regulations.
 Washingtons budget hawks want to decimate the federal workforce to shrink the deficit. It will have the opposite effect.
 There arent nearly enough counterterrorism experts to instruct all of Americas police. So we got these guys instead.
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March 18, 2009
By: Follow-up thought...When Joe Biden warned us last October that, early on in Obama's presidency, there would be "a generated crisis to test the mettle of this guy," people thought immediately of rogues in Iran, Russia or North Korea. Who'd have guessed that the biggest test of mettle would come from rogues only 225 miles up I-95 and through the Holland Tunnel? —T.A. Frank 5:04 AM Permalink | Trackbacks | Comments (4)
Comments
Really, could that poor sap running AIG be any more clueless about the outside world than Kim Il Chong? Posted by: Midland on March 18, 2009 at 7:38 AM | PERMALINKThe newest addition to the Axis of Evil--->AIG (ah, hell, the whole bunch of banksters and their camp followers). Some of us are not surprised that some terrorism comes clad in expensive pin-striped suits rather than keffiyehs. Posted by: digitusmedius on March 18, 2009 at 12:09 PM | PERMALINKAIG is truly the test. There is so much obvious stench there that your average citizen, whether Democrat or Republican, feels the need for transparency and justice. And, while the emotional temperature is high, this is not merely a case of irrational populist rage. There are simply too many suspicious facts out there for all to see NOT to get very angry. What really happened to all those BILLIONS handed out so far? Who controls the rating agencies? What deals were made during Bush's tenure and how deeply involved were members of Obama's own team? The explanation most people will offer is a culture of willful denial and irrational exuberance -- and that might be why the magnitude of the problem is so huge (kind of like NASA culture contributing to shuttle disasters), BUT... If not, then the only explanation is that the system itself is so flawed that it needs a reboot. I don't want the government running the "too big to fail" institutions, but overseeing their breakup and restructuring might just be the ticket. A little regulatory tweaking here and there won't help. You cannot regulate an irrational system into rational behavior -- you can minimize the risk by changing the structure. Time to bust some trusts.
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