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the thing that concerns me is that there are a lot of good ideas being discussed here and elsewhere. Yet, because they do not include survival of the status quo, they simply do not feature in the discussions of Serious People. Obama himself has said he has no time (read contempt) for solutions emerging on blogs (ie Krugman et al), which seems to me that his thinking is being heavily guided by the Establishment voices he carefully selected to surround him.

Back to the status quo ante plus a smidgeon of regulation to gloss over the colossal implosion seems to be the preferred solution. All of the arguments are about how little new regulation they can get away with and still pretend they've innoculated the system against stupidity. There are no new ideas, casino capitalism did not fail, nothing to see here folks, move on, move on.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Mar 30th, 2009 at 10:04:50 AM EST
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