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blackbootz · 2393 days ago · link · · parent · post: $13B fine to hide wrong-doing, turns out to be a deal
And that's the purpose of regulation or socialization. Internalizing the externalities; hoisting on balance sheets the cost of psychopathy so it's a little less sexy. Too bad that, at the highest levels, that sort of regulation can only be retrospective and so requires enormous bad behavior to be spotted after the damage is done. And at the highest level, the damage is systemic :("we shouldn't be doing this business because it will be expensive."
My reading over the summer has led me to conclude beyond a reasonable doubt that the core value of the Republican party is feudalism, and that it is only through the diligent and sacrificial efforts of Democrats that we haven't slid into de jure oligarchy. de facto oligarchy? Yeah, we're there.
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