Sunday, November 7, 2010

Actually, Justice for the Guilty Rich

Joseph Stiglitz, "Justice for the Few." This will go down as one of the most shameful episodes in American economic history. The victims of the recession caused by the financial crisis are victimized again by the perpetrators of that crisis. How Bank of America, et al. can complain that their property rights are violated by homeowners claiming bankruptcy over their excessive mortgage debt is laughable. Did they or did they not make these loans of their own free will? Bad judgment on their part doesn't protect them from the workings of the law.

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