Tuesday, December 19, 2006

Pork, ethics, Wall Street............

The politico's in Washington can't spend it fast enough. The last-minute spending by Congress on pet projects was apalling. Sickening. Fraud on the American taxpayer. They can't police themselves. Off-loading the responsibility to police their ranks is admitting failure of their own ethics. And the law coming down on Franklin Raines of FannieMae fame is a pleasant surprise. Years late but better late than never. Now to get some of the corporate honcho's that have played the options-backdating game to the tune of hundreds of millions. No wonder Wall Street stockbrokers are held to the same levels of trust and integrity as used car salesmen by the public. Wall Street wouldn't do it, the SEC doesn't do much. Spitzer got it done.

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