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Wednesday, September 17, 2008

Herbert McCain? John Hoover?


In the category of "things we already knew," the above article at the Washington Post lays out John McCain's key role in dismantling much of the federal regulatory apparatus that was so painstakingly constructed in the wake of the 1929 financial disaster and subsequent depression. Deregulation let those geniuses at Bear Stearns, Lehman Brothers, AIG and elsewhere make all those brilliant investment decisions.


But now McCain furrows his brow and compresses his lips and promises that as President he'll make the government fight those mean greedy men on Wall Street.


Had enough of the free market yet?

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