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Violent Crime is Down, Pick Pocketing is Way Up

Violent crime is down. Imagine that. The experts are scratching their heads. Statistics from major cities across the country show homicides dropping to 30- and 40-year lows.

One possible explanation: The economic collapse means fewer and fewer of the bad guys can even afford a gun. Like the rest of us, they can't come up with the start-up costs to get their business running.

Besides, the only people who have anything left worth an armed robbery are the few who can hire their own bodyguards.

Which gets us to an important point: The surveys only look at crime that's against the law. There's nothing about the conduct of those who used their economic and political power as weapons to make sure what they did was not illegal fraud, not illegal larceny.

Sure as can be, they used deception to improperly take billions from the unsuspecting. At the same time, they connived with their public servants to make sure their world of finance was largely a lawless frontier.

Even though the walls came tumbling down, they are still fighting in the rubble to make sure no one regulates their ability to keep their hands in our pockets. There's an interesting article in Monday's Washington Post that describes how regulators at the New York Federal Reserve were hand-in-glove with those they were supposed to supervise.


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Regulators too cozy with regulatees. Really? No kidding.

At the very mention of minimal oversight of the most blatant misconduct, the obscenely prosperous scream about how it will undermine the very foundations of commerce.

Publicly they create a blizzard of distortions designed to confuse anyone who is trying to comprehend the complex reasons for what happened and what needs to be done.

In private, where they do their best work, they have sent out their armies of lobbyists to peddle influence behind the scenes. When necessary, they give millions in campaign contributions to protect the billions they make from their cozy relationship with a government that hasn't really governed them.

Back to the homicide statistics. The consensus seems to be that, contrary to conventional wisdom, the economy doesn't really drive crime. But what's been done to the economy is a crime -- and doing nothing to put real teeth into regulations to prevent further disaster would be a travesty.

At the very mention of minimal oversight of the most blatant misconduct, the obscenely prosperous scream about how it will undermine the very foundations of commerce.

Publicly they create a blizzard of distortions designed to confuse anyone who is trying to comprehend the complex reasons for what happened and what needs to be done.

In private, where they do their best work, they have sent out their armies of lobbyists to peddle influence behind the scenes. When necessary, they give millions in campaign contributions to protect the billions they make from their cozy relationship with a government that hasn't really governed them.

Back to the homicide statistics. The consensus seems to be that, contrary to conventional wisdom, the economy doesn't really drive crime. But what's been done to the economy is a crime -- and doing nothing to put real teeth into regulations to prevent further disaster would be a travesty.

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This page contains a single entry from the blog posted on July 20, 2009 3:19 PM.

The previous post in this blog was Obama's Health Care Momentum--Which Direction?.

The next post in this blog is Heath Care--Another Day of Name Calling and All Around Dopiness.

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