MB Civic

Another right on blog from Willem Buiter about the banks. I fear that nothing will change though. They own us, they own our politicians. Ethically speaking I do not see that much difference between Bernie Madoff’s behaviour (illegal) and that of a banker, who gets home free and richer into the bargain by gaming the system with tax payer’s money (legal). Where white collar crime is punished more severely than murder, rape, incest, torture, the illegal declaration of preemptive war on another country,then the system is irredeemably skewed and cannot last. These are only bullet points and probably seem very naive but I am trying to convey my high level of disgruntlement with limited space and time.
Al B

http://blogs.ft.com/maverecon/2009/06/too-big-to-fail-is-too-big/