I continue to sneer at the pathological need by religionists to control everybody in the world. However, the rules they make — and break — do have a benefit: Promise of screaming in Hell forever seems to deter possible bad behavior in some people.
The Reaganites and Bushies deregulated everything in sight, and that freedom from rules let bankers, traders, insurance execs and pretty much the entire population of the U.S. financial sector go greedily wrong.
If somebody had put the fear of God into AIG, would it be such a disaster? Fannie and Freddie? Citi?
The sign of a responsible adult is doing the right thing when nobody is watching. Nobody watched Lehman Brothers. Or Charles Keating so many years ago.
If manmade laws don’t work, eternal damnation might.
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