THEY ARE AT IT AGAIN

The New York Times is at it again. In an editorial written by Paul Krugman titled "Wall Street Whitewash" Mr. Krugman criticizes Spencer Bachus, the incoming G.O.P. chairman of the White House Financial Services Committee for saying that "Washington and the regulators are there to serve the banks."

I'm sure Mr. Bachus meant that there are millions of people employed at banks and in effect meant they are there to serve the working people of America, in this case the ones that work at banks.

His comments didn't suggest anything immoral, illegal, or nefarious. It certainly didn't mean there should be no regulation. It just plain old means the New York Times should stop letting it's editorial writers interpret things in such a way that they are trouble-making, out of context and not the underlying meaning of what the Chairman meant to say.

Senator Bachus should be applauded and hopefully he will respond and put these statements into meaningful context.