NP: This one's for Rich, first Goldman Sachs plist muckraker (I think)

[Michael Bailey]

yes, there have been some fine GS posts, but I reach for a familiar quote
to remind everyone this all has happened before:

where has the money gone?

"where the woodbine twineth" (Jay Gould via GR)


I am disappointed in Senator Levin for engaging in invective.
The facts are what we need, and they speak for themselves.

The big picture - Carter, Reagan, Clinton, and Bush rolling back
laws against misconduct in the name of free enterprise - is apt
to be lost in a scramble for headlines, and overreaction is liable
to create even more troubles.

It reminds me of an old Art Buchwald column where he decided to
declare moral bankruptcy and repeal his own strictures against misbehavior,
but found he couldn't afford the mistresses or tolerate the hangovers.

If Wall Streeters misbehaved, they took their cue from government
and free-market demagogues, and who will call those people to account?

Let's take a tip from the big O (or at least from what he preaches):
Civility, that's the ticket!