Friday, May 21, 2010

Put Your Seat Belts On

At the end of Ron Lieber's write-up of the new financial reform bill comes this gem of a line, which pretty much sums up what Congress is doing:
Lest we forget, the whole point of this bill is to keep something like what went on in the latter half of the last decade from ever happening again. Perhaps the new cops on the beat will sound the alarms sooner when we inevitably go off the rails again in the years to come.
We're not going to actually stop any of this mess from happening again, of course. We're just going to sound the alarm a little earlier so people can brace themselves before the train goes off the tracks and over the cliff.
And that's about as good a summation of the "reform" that Congress is foisting on us as you'll find anywhere.

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