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Crime and No Punishment
First Known Bank Malfeasance of the Week: With the $25 billion attorneys general settlement, banks are supposed to reduce the principal and interest on thousands of mortgages that are in trouble. When they do this, they get credit towards their portion of the settlement obligation. Leave it to the banks, however, to find a way […]
Are conservatives mean, greedy, and stupid? Or just different? A response to Lakoff
In a recent article The “New Centrism” and Its Discontents, George Lakoff wrote Progressives have to get over the idea that conservatives are either stupid, or mean, or greedy – or all three. Conservatives are mostly people who have a different moral system from progressives. That statement irked me, because it seems to me that […]
How the federal government backstops our economy
My son Owen and I just drove across half the country. He has a summer job in St. Paul, Minn., and we are giving him our 10-year-old car. Hence, a road trip! Driving along I-90 and I-94 for 1,800 miles gives you time to reflect on our nation’s transportation system. Did it just spring up, […]