One Comment

  • Some time ago I explained how the 2008 financial problem happened. The world wide drops in fecundity (the number of children from a woman) drove a desire to save for retirement. And there was the concept of market value. When people turned against housing and housing paper as an investment, there was a $8 trillion drop in value. Obviously no body walked off with that much money even if you add all payments to wall street executives and workers. Yet the good mayor Koch (and I live the guy) still insists that the main street thieves be found and punished.

    Although the Copland and Olson articles cited above are superb, they may understate the threat to liberty and law embodied in Spitzer and Schneiderman.