Here is where the real problem lies - it's impossible to tell the difference after awhile between real collusion and simple sympathy when so little distance lies between the two. Perhaps it would be better for the media to adopt the long-standing principle taught to military officers and government officials: avoid the appearance of wrong-doing as well as actual wrong.'I would say, no, they don't have to. These are all things they (er, "we") can do instinctively, without any need of formal co-ordination. All that is required is a profession whose practitioners form a self-recognizing class; who share a settled (and rather conformist) view of the world; and who spend most of their lives in each other's company, hardly ever meeting, let alone mixing socially with, people of other classes with other points of view.'
26 July 2010
When Does Sympathy Become Something More?
17 June 2009
Bureaucratic Creep
The LA Times is reporting that President Obama is pushing for sweeping new regulations on just about any industry that deals with finances:
'Reporting from Washington -- The financial regulation plan that President Obama will roll out today will impose stricter and broader government oversight of the nation's banking system -- including tough new requirements on companies whose failure would threaten the economy, and creating new agencies to regulate banks and to protect consumers. The most sweeping overhaul of financial rules since the Great Depression also would grant the Federal Reserve broad new powers to oversee large firms, such as insurance companies, that it does not regulate directly. The Fed would have the authority to seize and dismantle these companies if they are in danger of failing. ... The plan must be approved by Congress. In drafting the measures, Obama administration officials had two key concerns -- moving quickly, before the momentum for reform evaporates, and avoiding withering turf battles with regulators and lawmakers that could derail the effort.'
Wow - am I the only one finding it odd that the president wants the executive branch to 'seize and dismantle' private companies upon an internal finding that the company is 'failing,'
and that the White House drafted this legislation itself? Has Congress become his personal rubber stamp? And how does that article (published June 17) with this article publishedthe same day. The first addresses massive legislative proposals, while the latter states that the Administration is only trying to deal with the immediate situation, and is moving quite cautiously. They can't both be right.