Quoting from a Time article:

Time

Some people want to say there's too little regulation. It's not that. It's just outdated, outmoded, ineffective. The architecture was put in place in a different era, and it hasn't kept pace with the evolving financial markets."

Consider that when we refer to "evolving financial markets" we're refering to moves made and instruments created that are specifically designed to skirt regulation.

One of the grossest oversimplifications that muddies our debate is to think of 'regulation' as a single activity and declare it either good or bad. Regulation can be good or bad and finacial deals can either be fair or larcenous. There is no single slogan or approach that magically makes everything fair and prosperous. And there's no such thing as a totally 'free' market.

File under: The Stupid! It Burns!

It is now percolating up to the MSM that while Palin was mayor, she allowed her town to bill rape victims for their forsenic tests.

Amanda Carpenter of course rises to the occasion to note that Palin never supported such a thing.

AmandaCarpenter

This of course utterly fails to explain, if she didn't support it, why she allowed the practice to continue until it was made illegal by the State.

The most intriguing part is the TownHall comment thread. A series of people all pipe in to explain how her column does nothing to vindicate Palin while every fifth one or so chimes in to decry the HORRIBLE LIBERALS for trying to destroy the beloved candidtae.

Is McCain against teaching little kids to beware of sexual predators?

Yes.

This has been another edition....etc.

So much for deficit reduction

http://money.cnn.com/

I don't know a lot about economics but I have a great deal of faith in the laws of thermodynamics.

If, at any time it appears that you are getting something for nothing, not only will it end up being payed for at the end but with the additional cost involved in maintaining the illusion.

The housing bubble is only the most glaring example, but certainly the federal deficit is another fine demonstration.

Funny:

http://talkingpointsmemo.com/archives/213806.php

Apparently a photo of a North Hollywood Jr. High made its way into McCain's presentation on account of it's being named "Walter Reed"

Note to Google users. Avoid the "I feel Lucky" button when preparing for one of the most important nights of your life!