Are Lapses Of Best And Brightest Prelude To Our Decline And Fall?

IBD Editorials ^ | February 12, 2009 | Victor Davis Hanson

[r9etb]

Not really.. What happened was/is when America became too cowardly to use the 2nd amendment to revolt..

Nope. Unless you're in some African or central American sh*thole, revolt is just the end result of a prior decay. It is never something to be desired for its own sake.

The only reason "revolt" would be an option, would be if the moral foundations of the nation had already crumbled. Hansen suggests we may be reaching that point -- it's not a happy thought.

[TCats]

“Why do you say they are incompetent?”

You really think these people would have done these things if they had really known where it all ended? Certainly a few, very greedy and competent, knew about it and took the money and ran. Most just thought it was good business and went along. These were already compensated well and if they were as smart as they thought they were would have scaled it back to avoid what evolved.

As for legalities, I guess the deficiencies in our legal code provide the basis for the distinction between ‘illegal’ and ‘wrong’. i.e., if it was not illegal it should have been. What these people engaged in is embodied in the term ‘constructive fraud’, incompetence so egregious as to be fraudulent not withstanding the intent.