Hey, remember the media critique?
While the New York Times’ DealBook section generally hews to a financial-services-industry-friendly line, presumably as a Faustian bargain for being a preferred leakee, there’s not even a weak defense for the article by the New York Times’ so called “Deal Professor” Steven Davidoff, “If Little Else, Banker’s Trial May Show Wall St. Foolishness.” It’s yet another brazen effort to diminish the seriousness of rampant fraud by arguing it was just carelessness. But to make his case, Davidoff misrepresents both the facts of the situation as well as the law. Since Davidoff’s lawyer union card is an explicit part of his brand at the Times, this story amounts to another credentialed effort to run the “nothing to see here, it’s too hard to get these guys” line that has become the Administration’s pet excuse for not going after one of its biggest sources of campaign funds.
Ouch! Ouch! Ouch! Ouch!
Since bankster depredations are, like, the story, the meta-story, and every other story, and the reason the country is in the shape it's in, you'd think places like Media Matters would be pounding on this story like round the clock bombing. But n-o-o-o-o-o and anyhow Bain. And horsies.*
NOTE * Gawd knows I hold no brief for Lord Richistan or his lovely wife or her horse. However, I know all about depression. It's a crippling disease, a literally crippling disease, just as much as a shattered limb is. And if dressage is what this wealthy person used to haul themselves out of that pit of hell, more power to them, say I. (CAVEAT: Everybody should have such a lifeline, and not only the rich. We are all Ann Romney.) What the DNC's dressage ad shows -- I'm not sure if they pulled it, or only "apologized" -- is that the key indicator of sociopathy, lack of empathy, isn't confined to one party.