Blogger Paul Kedrosky somehow manages to sum up exactly what we were thinking using references to The Dark Knight, Calvinism and Voltaire: “Congress is playing political brinkmanship with the biggest financial decision of our generation. We just had the largest bank failure in U.S. history. Credit spreads have widened to the point of gibbering meaninglessness. And some people are still nattering about what might be the perfect variant of the Paulson bailout plan. Listen. There is no perfect. As Voltaire wrote, “Le mieux est l’ennemi du bien.” The perfect is the enemy of the good. No plan is perfect; no plan will be static. But standing on the precipice and inching ever closer to the abyss is stupid and suicidal. Some people don’t care. A few just haven’t thought it through, but others are so wrapped in their anti–Wall Street vendettas, their ideological purity and their Calvinist moralizing that they would rather see everything come down around their ears —look at all the shiny creative destruction! — than worry that it’s their economy too. Fuck them.” We die, as Rachel Zoe would say. [Infectious Greed]
