11 9 / 2008

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For the wreckage begat greed; and it came to pass that while America’s young men and women fought, other Americans enriched themselves. Beguiling the innocent, they did backdate options, and they did package toxic mortgage securities and they did reprice risk on the basis that it no more existed than famine in a fertile land…

…So heavy was the burden of war, and of bailing out Fannie and Freddie, and of financing debt with China, that not one silver shekel remained to build bridges, nor airports, nor high-speed trains, nor even to take care of wounded vets; and the warriors returning unto their homes from distant combat thought a blight had fallen on the land.

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Great op-ed from Roger Cohen today
(via emptyage) Thanks @mat for directing me to this; it’s simultaneously fun to read and totally sickening.

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