Sunday, January 22, 2012

Bill Moyers returns


David Stockman, former Reagan Budget Director,
"If they're too big too fail, they're too big to exist."
Stockman, quoted by Tim Dickinson in How the GOP Became the Party of the Rich, Rolling Stone, November 9, 2011:
"The Republican Party has totally abdicated its job in our democracy, which is to act as the guardian of fiscal discipline and responsibility," says David Stockman, who served as budget director under Reagan. "They're on an anti-tax jihad – one that benefits the prosperous classes."

Robert Reich in the New York Times, writing on "Reckless Endangerment" by Gretchen Morgensen:
It’s hardly news that the near meltdown of America’s financial system enriched a few at the expense of the rest of us. Who’s responsible? The recent report of the Financial Crisis Inquiry Commission blamed all the usual suspects — Wall Street banks, financial regulators, the mortgage giants Fannie Mae and Freddie Mac, and subprime lenders — which is tantamount to blaming no one. “Reckless Endangerment” concentrates on particular individuals who played key roles.



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