So, Democrats chime in on cue, we must have the umpty-umpth regulatory overhaul of the financial system to do what we were promised the last one (Sarbanes-Oxley) would do: perfect disclosure, eliminate risk, and ensure that anyone who makes a profit because he’s better than the rest of us at reading the tea leaves gets his comeuppance. But Paulson did not escape the noose because of a regulatory loophole: He is not charged because it is not a crime to be smart — not yet, anyway.
Tuesday, April 20, 2010
In Search of a Villain - Andrew C. McCarthy - National Review Online
In Search of a Villain - Andrew C. McCarthy - National Review Online
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