Taking somebody's money without permission is stealing, unless you work for the IRS; then it's taxation. Killing people en masse is homicidal mania, unless you work for the Army; then it's National Defense. Spying on your neighbors is invasion of privacy, unless you work for the FBI; then it's National Security. Running a whorehouse makes you a pimp and poisoning people makes you a murderer, unless you work for the CIA; then it's counter-intelligence.
Lack of government regulation and crisis
Mon, 01/05/2009 - 22:08 — JC
For those who believe that this crisis is about lack of government regulation here is an interesting post by Coyote, one of my favorite bloggers.
You see, kids, government has to closely regulate evil capitalists, because these capitalists sometimes make investment mistakes, like making highly leveraged investments in risky bubble assets. The government must be the one to watch over their shoulder, because well-meaning public servants would never make such a mistake themselves---
...real estate has tanked CalPERS(California Public Employees’ Retirement System -- run by public servants) expects to report paper losses of 103 percent on its housing investments for the fiscal year ending in June.
Read on for more