Illinois Tries to Prove Aristotle Right
Is it really any wonder how little respect taxpayers have for their
government with the type of response demonstrated by the Securities and Exchange
Commission in the cases of Illinois and New Jersey ("SEC Says Illinois Hid Pension Troubles," page one, March
12)? The notion that our government offices and the officials who oversee their
operations should be exempt from any notion of financial accountability or
culpability is simply beyond the pale.
By all rights, the crony statism that we see on display should really be the focus of this story. In addition, Wall Street appears fully prepared to give its friends in crony statism a pass when it comes to protecting the integrity of the municipal bond market.
And you ask why we're in the financial quagmire we're in? Good luck, kids. Some legacy your parents are passing on. What a truly stand-up generation we are.
William Fleeman
Davis, Calif.
Since pension manipulation is subject to government-paid legislators lining their own pensions, prudent decisions are unlikely.
I urge our congressional legislators to remove all public pay and benefits from government capriciousness and have these matters managed and controlled by the same laws applied to private corporations.
Burr Lechevet
Tampa, Fla.
Let's levy heavy fines and seek prison time for those bad boys on Wall Street who deceive investors, but when our civil servant "brothers" do likewise, we'll drop them an 11-page letter and ask them to cease and desist.
John F. Schoenfelder
East Harwich, Mass.
By all rights, the crony statism that we see on display should really be the focus of this story. In addition, Wall Street appears fully prepared to give its friends in crony statism a pass when it comes to protecting the integrity of the municipal bond market.
And you ask why we're in the financial quagmire we're in? Good luck, kids. Some legacy your parents are passing on. What a truly stand-up generation we are.
William Fleeman
Davis, Calif.
Since pension manipulation is subject to government-paid legislators lining their own pensions, prudent decisions are unlikely.
I urge our congressional legislators to remove all public pay and benefits from government capriciousness and have these matters managed and controlled by the same laws applied to private corporations.
Burr Lechevet
Tampa, Fla.
Let's levy heavy fines and seek prison time for those bad boys on Wall Street who deceive investors, but when our civil servant "brothers" do likewise, we'll drop them an 11-page letter and ask them to cease and desist.
John F. Schoenfelder
East Harwich, Mass.
A version of this article appeared March 15, 2013, on
page A12 in the U.S. edition of The Wall Street Journal, with the headline:
Illinois Tries to Prove Aristotle Right.
No comments:
Post a Comment