Friday, September 19, 2008

Waste Management
wallstreetsludge

One thing that continues to strike me regarding to the financial crisis is the term "toxic waste" applied to what looks like will soon be, ahem, public property...

Property we'll be paying hundreds of billions--if not trillions--of dollars for. Sort of like Shrub's Mesopotamian and Afghanistan tragedies.

But protecting and restoring the Louisiana coastline and New Orleans--which would cost literally pennies on the dollars they now can't spend quickly enough--is too expensive. Unbelievable.

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