Tuesday, 21 April 2009

Routine Background Checks Might Help

Colorful fraudster and "Junk Bond King" Michael Milken crapped out a column on capital markets in today's Wall Street Journal - because, you know, nobody really has more credibility when it comes to finance than a guy who was convicted of six securities and reporting felonies. Whatever rigorous screening process is in place at the WSJ's opinion page did a fantastic job filtering that one out.

It's a strange thing about right wing pundits - how many of them are actual, convicted-and-did-time, literal criminals. I suppose you could say the Republican approach to law and order is much the same as their approach to energy regulations or environmental policy: nobody understands the system like a real "insider."

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