Rescue the rich, tread on the poor. Still popular after all these years.

There are two reasons to take steps that both prevent Fannie and Freddie from going under and make shareholders and executives take serious hits. The first is that this is the only way to avoid moral hazard: people's tendency to take unnecessary and stupid risks when they are not going to wind up paying for them. If shareholders actually lose their money, and executives have to be content with -- sniff! -- two million a year, that might just do the trick. (Note: I'd be fine restricting compensation limits to people who are presently on board, not new hires. It's the people who got us into this who need to pay some sort of price, so that the next time around, people might think twice. I'm also open to the idea that Baker's particular suggestions are wrong. It's the principle of holding investors and executives accountable that I care about, not any one particular idea about how best to do this.) More

The Lion and the Mouse (Stuart Little)

The Lion and the Mouse
The battle that reshaped children’s literature.
by Jill Lepore July 21, 2008

Anne Carroll Moore was born long ago but not so far away, in Limerick, Maine, in 1871. She had a horse named Pocahontas, a father who read to her from Aesop’s Fables, and a grandmother with no small fondness for “Uncle Tom’s Cabin.” Annie, whose taste ran to “Little Women,” was a reader and a runt. Her seven older brothers called her Shrimp. In 1895, when she was twenty-four, she moved to New York, where she more or less invented the children’s library. More

Stolen shamelessly from supergee.

Somebody! A cork!

Or a living lawyer...