I have a confession. I know it’s poor form and I should be my better self here, but honestly, not only do I not care about those crazed moneychangers on Wall Street, it couldn’t have happened to a better bunch of guys. If Paris Hilton were required to have a real job, she would be one of these arrogant investment bankers – living the high life, self-important, and profligate. The two egos are completely compatible: they both know the price of everything and the value of nothing.
We conservatives, who hold to the faith, believe that ideas have consequences. At the bottom of this most recent financial meltdown was the idea that every American should own a home regardless of job status, income, or liquid assets. This was Bill Clinton’s idea to give homeownership to low-income and minority Americans. And not to point fingers – this is what any self-respecting liberal in power would seek to do. In his mind, he was only trying to extend the American dream to the people whose pain he felt all those years. And his plan was really simple: make businessmen an offer they can’t refuse.
