Monday, March 23, 2009

Spitzer on the financial mess ...

OK ... so Elliot Spitzer proved to have questionable sexual morals and marital fidelity. But, in this interview, he makes some fascinating points. The basic point he is making is that there is no legislation that can compensate for regulatory incompetence or lack of will. If the executive does not enforce the laws, then the laws are moot. Ironic, but very true.

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