Kwak: Blame Wall Street : Planet Money Baseline Scenario says government has every right to chastise the players at fault.
NPR logo Kwak: Blame Wall Street

Kwak: Blame Wall Street

James Kwak sharpens the tines over at Baseline Scenario, taking on Wall Street types and Richard Posner, who argues that lawmakers should stop bullying them. Kwak writes:

The idea that people can commit egregious misdeeds at the expense of other people, yet cannot be criticized by our own government — the body that is supposed to represent our interests — violates a simple, common sense notion of justice. At least the one that I hold.

Bonus from Kwak: Why Are SUVs More Profitable?