The American Spectator

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.

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Law