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David Eason's avatar

It is worth a mention that Shalala was a "Friend of Angelo" (Countrywide). Who does she owe money to this time around?

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Red Brown's avatar

I remember a comment of Michael Parenti's about the difference between a liberal complaint and a radical analysis, which I think is germane here. The first takes the view that acts like this appointment are the product of basically good intentions gone awry, supplemented by incompetence, bumbling, myopia, cluelessness, etc., perhaps also spinelessness and incoherence. The second asserts that these apparently inexplicable outcomes are knowingly and willfully sought based on the class interests of the political and economic actors who make them happen. Taibbi, whose journalism is excellent, is taking the former view here (as he generally does), which is captured by his characterization of Shalala's appointment as an unforced error. There is, however, no reason to assume that this appointment was an error, as opposed to a perfectly orchestrated success (with the nuances and complexities of money and political pressure, but nonetheless). For it to be an error, one must assume that the Democratic Party, or the faction of it that continues to control its behavior as a party, is actually interested in seeing to it that this third oversight body is effective on behalf of Main Street (to use the dreadful term). But there is no reason to assume this is so; this is obvious by now, notwithstanding the presence on the commission of an Elizabeth Warren advisor, which now looks like tokenism. I would like to see what Taibbi would come up with if he approached his investigations of these ugly boondoggles with more agnosticism about which of the two frames (liberal complaint v. radical analysis) will have more explanatory power as this crisis, and the measures ostensibly aimed at shoring it up, unfold.

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