regulation of corporate financial behavior is domestic equivalent of Islamofascism: catastrophic failure of intelligence about Wall Street rapacity

My Goat Ate the Economy | Posted March 16, 2008

If George W. Bush had read The Pet Goat to his Economic Club of New York audience on Friday, his speech would have been no less infantile. If the first 9/11 was caused by a massive failure of intelligence about terrorism, the second 9/11 -- the slow-motion collapse of the American, and maybe the global, economy -- has been caused by a catastrophic failure of intelligence about Wall Street rapacity. If the now five-year-old Iraq war was the inevitable, tragic consequence of the neoconservatives' Project for the New American Century, then the subprime mortgage quagmire, the Bear Stearns bailout, and the foreclosure fiasco are the foreordained outcome of the Republican ideology which holds that regulation of corporate financial behavior is the domestic equivalent of Islamofascism.

The economic meltdown is the new 9/11, and it's George W. Bush's fault -- his, and the fundamentalist free-marketeers who have been living high on the hog, feeding at the public trough, intimidating Democrats, and getting away with capitalist murder ever since Ronald Reagan made "government" a dirty word. ...
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Toxic dumps are required to have warning signs on them. It would be fitting if schoolchildren saw a mandatory DANGER: MORAL HAZARD notice when, on a day that can't come too soon, they enter the George W. Bush Presidential Library.