We face a dangerous new kind of economic uncertainty—uncertainty in the rule of law. After settling with the banks, the government wants the system to snap back into the old rules, with everyone acting as if widespread institutionalized theft never happened. It doesn’t work that way. What assurance do we have that the rules won’t be rewritten again, when more blind forgiveness is needed for us to "look forward, not back"?
Uncertain Rule of Law
Posted On Thursday, February 9, 2012 By Grand Nagus. Under Economics, Law, Original Context Tags: Banks, Economics, Foreclosure, Fraud, Housing, Obama, rule of law, Settlement
We face a dangerous new kind of economic uncertainty—uncertainty in the rule of law. After settling with the banks, the government wants the system to snap back into the old rules, with everyone acting as if widespread institutionalized theft never happened. It doesn’t work that way. What assurance do we have that the rules won’t be rewritten again, when more blind forgiveness is needed for us to "look forward, not back"?
