Donnerstag, 12. März 2009

Madoff Saga Shows Flaws in Government's Priorities

Bernie Madoff is guilty.

We’ve really known that from the beginning, since he’s the guy who spilled the beans first.

And that’s the problem.

Bernie’s the one who told us he was guilty…not the government. The government let us down. The government becomes more intrusive every day…sticking its collective nose into just about every aspect of our lives…and yet the government lets us down on this most fundamental level: Keeping us safe from our enemies. And while it may sound old-fashioned, our number one enemy is evil...Evil in the form of terrorists who want to blow us up. And evil in the form of financial terrorists like Bernie Madoff.

If the government would spend less time worrying about things like steroids in baseball and less money protecting bad businesses, they might have energy and money left over to find decent investigators to protect the innocent. Does anyone doubt that if Harry Markopoulos had been working for the Securities and Exchange Commission, that Bernie Madoff would have been in jail years ago…and that billions of dollars would have been saved? The nanny state is distracting the government from its most fundamental task: protecting the innocent.

The government shouldn’t be protecting bad businesses with bailouts. But it should be putting crooks out of business.

In trying to protect everybody, the government is protecting no one.




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