Day: June 11, 2012

We export this stuff, tooWe export this stuff, too

Tetman Callis 9 Comments 5:48 am

“It isn’t a problem with government; it’s a problem with the entire society.  It’s what happened on Wall Street in the run-up to the subprime crisis.  It’s a problem of people taking what they can, just because they can, without regard to the larger social consequences.  It’s not just a coincidence that the debts of cities and states spun out of control at the same time as the debts of individual Americans.  Alone in a dark room with a pile of money, Americans knew exactly what they wanted to do, from the top of the society to the bottom.  They’d been conditioned to grab as much as they could, without thinking about the long-term consequences.” – Michael Lewis, Boomerang