The American Spectator

home
ADVERTISEMENT

The Spectacle Blog

Jim, I’ve had that dream about the teeth falling out. Must be standard issue, like the one where you forgot a class for a whole semester until the very end, or the one where you are naked in public.

Regarding the bail-out, I keep wondering about what this means for the financial sector in terms of their true value to the economy. Is it possible that the extraordinary bonuses, perks, and salaries are not necessarily justifiable in terms of real worth? Is it possible that we have been subsidizing Wall St. to some degree?

I mean, the financial rocket science of managing risk has not worked out, but as with a plaintiff’s lawyer who wins a big suit that is later shown to be junk science, the rewards have already been disbursed and the damage already done.

topics:
Law

About the Author

Hunter Baker is associate dean of arts and sciences and associate professor of political science at Union University. He is the author of The End of Secularism and winner of the 2011 Michael Novak Award. His personal website is www.hunterbaker.wordpress.com.

http://spectator.org/blog/2008/09/30/re-dreams-of-antle-re-bailout

ADVERTISEMENT

SPONSORED LINKS

FLASHBACK TO: 1995

Clip of the Day

ADVERTISEMENT