Monday, September 22, 2008
Just an idea
The big dogs are swearing we must have the bailout money and right now and no strings on ol' Henry P, so he can just spray it around without hindrance as he thinks best. I think it would be nice if the Congress would designate just a tiny fraction of that $700b – say, $1b – to support the office of a special prosecutor assigned to investigate fraud in the markets. I think the guy who prosecuted the Enron crowd might be a good choice. Punishments can, after all, include fines, so this little project would probably pay for itself many times over and maybe serve as an object lesson to future captains of finance who might be inclined to sell worthless securities. Just a thought ... I'd love to see a few of these grasping bastards shuffling off in orange jumpsuits and trailing shackles.