Stop it!
You would think our government would be bending over backwards to make up some (sensible) rules so humanity could potentially be spared another financial meltdown.
You would be wrong.
One day, our politicians are drooling all over how the Government Departments are paying international law firms for writing their “fix the big banks” laws. You could argue that the Government Departments don’t pay competitive salaries so the best lawyers go to work elsewhere. An excellent point could also be made that it is highly doubtful at best that big law firms act with the voters best interests in mind whilst writing the laws propping up the very customers they depend(ed) on for a lot of their earnings.
The next day, the government is drooling over the massive bonus payments and feigning outrage at bankers clamoring after the most cash they can get their hands on. As if that were unexpected. Again, there are good arguments to be made for honoring contracts where bankers were contractually promised fixed bonus payments. On the other hand, without government bailouts, good luck getting any bonus payments from insolvent banks.
But all of that – that’s not the point. Because that would be getting close to actually arguing about the important stuff.
In all seriousness: the government bashing for overspending on external lawyers and what have you not has got to f*cking stop!
There are billions of our money – the tax payer’s money – at stake in the bail-outs. And what is being done about that? How does the government ensure that it’s not getting ripped off and is getting its money back soon? And how can we potentially prevent further financial meltdowns in the future – if they can be prevented at all, that is?
We have spent billions to stabilize the economy. If all we learnt from that is that bashing superfluous wrongdoings for popularity reasons pays off in terms of media attention, it will take a lot more hurting for the people to finally wake up to incompetency and do something about it.
