Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
I'm reading it as the critical test of the US as a viable political entity.

If there's a successful effort to write some new rules that favour Wall St and its mess at the expense of home owners, we can stop pretending that the US is anything other bandit country.

Ironically, a huge gladiatorial contest with thousands of hungry lawyers is the best possible outcome, because it's the only thing that could be mistaken for something that looks like accountability.

But I think I'm going to have to bet on the former. Law and order, justice and due process may well be dead concepts in US politics, and once Wall St realises this, things are going to get really ugly.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Oct 13th, 2010 at 05:39:55 PM EST
[ Parent ]

Others have rated this comment as follows:

melo 4
Nomad 4

Display:

Top Diaries

Greece's Plan B?

by Migeru - Jan 31
32 comments

Deflationary QE

by afew - Jan 28
30 comments

Another modest proposal. LQD.

by melo - Jan 23
4 comments

On the RhB 2: along the Inn river

by DoDo - Jan 20
4 comments

Occasional Series