OK, no Sunday Morning Reading post today as we’re opening a show and I’ve got work to do. So, here is one link to pass on. Frank Rich has been on a tear lately and his latest column Has a ‘Katrina Moment’ Arrived? is telling and powerful, and in my opinion, deadly accurate.
Quoting Southern Crossroads: “Being legal don’t have to make it right.”
Not only are we witnessing the self-evisceration of the financial markets leading to the gutting of people’s lives, we are seeing the life sucked out of the definitions of words, concepts, and social constructs like banking, trust, regulation, investment, journalism, the media, Congress, oversight, transparency, political will, outrage, and dare I say it, legal.
That old saw, “a nation of laws” is about to become history.
Unfortunately, my grandfather was far too correct when he said, “you don’t want someone writing laws if he isn’t smart enough to break them.”
Paradoxically, it is still early in a game that needs to play out, but the players might not be able to decide the outcome.
Take it away, Tom.