Follow the money

A couple of days ago I wrote about Eliot Spitzer and a double standard.  New York’s former governor is in lots of hot water and he’s resigned his position. Lots of shame to go around. It’s been a media feeding frenzy. Lots of juicy details. The media focus has been all over the former governor and the young prostitute, but while this has been going on our money is being removed from the till. A $200 billion dollar bailout of the mortgage industry by Fed Chairman Bernanke. Eliot got in trouble using his money and he gets the media focus. Bernanke was using our money and he gets a pass.  Eliot Spitzer caused a lot of trouble for the money men of Wall Street and elsewhere. When word of the scandal reached the stock exchange a cheer rose from the trading floor.  Eliot Spitzer’s story is tragic for he and his family. We cannot get socialized medicine here in the United States because that would be bad we’re told for health care, but we can have socialized banking that apparently is okay. It’s more important to the media to cover a story about a prostitute and the governor than a rape of the taxpayers.