Too Freaking Big — Period

Topic: Free Agency
15. December 2009
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The intoners at the New York Times take a well-meaning but too mild-mannered swipe at the big banks today.  Come on, guys — you live in their town, you know their excesses, and you know they are itching to get back to the way things were.  So in your editorial, why such diplomatic language?

courtesy CNBC.comOften the Times comes out on top among national papers in reporting and useful objectivity, as our Board member James Fallows has noticed.  But when you’re talking about massive financial institutions that dominate our economy, and thus our entire lives, and you write that “big bank profits . . . still come mostly courtesy of taxpayers,” how about a little more spirit in your criticism — a little more fire — a little more Jacksonian anger at institutionalized greed?  If sensible policymakers let the bankers do what they want to do a second time, it’s shame on us — and on those who, along with President Obama, have a piece of the bully pulpit.

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