Academic

RATTNER UPDATE: ?Mr. Rattner?s high profile is nonetheless useful in drawing attention to the real ?

By Glenn Reynolds

RATTNER UPDATE: “Mr. Rattner’s high profile is nonetheless useful in drawing attention to the real story here, which is the growing evidence of corruption by officials who use their power over public pension funds to shake down private companies. This is the same political class that has been blaming banks for ‘greed’ in the financial crisis. The pension fund scandal exposes the myth of the superior virtue of the public and nonprofit worlds. Greed is universal. And the opportunity for corruption is enormous when political discretion is tied to vast sums of public money.”

Full post as published by Instapundit.com on April 20, 2009 (boomark / email).