Phones Quotes - page 7
The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.
Matt Taibbi
At home, the public has come to accept torture as a legitimate instrument of government, something that the Founding Fathers would have been aghast at. We have come to accept that the president is not bound by habeas corpus, if he decides he isn't. He can sign laws and say they don't apply to him. We know that an American citizen can be detained for years without charges and tortured and abused - and then critical evidence of his torture will be "lost." We have come to accept our phones being tapped without a warrant and without our even knowing about it. These huge surrenders of liberty have occurred without much public outcry. When the next major terrorist attack comes, the question will simply be how much liberty Americans have left. That is a victory al Qaeda could not have achieved by force of arms. It is something they have achieved with our witting and conscious help.
Andrew Sullivan
In the last few years, we have seen the executive branch declare itself outside the law - in prosecuting a war on terror. The law against torture has been suspended. The balance between the executive and legislative branch has been dismissed by signing statements and the theory of the unitary executive. The executive has declared its right to suspend habeas corpus indefinitely, to tap anyone's phones without court warrants and to detain and torture anyone it decides is an "enemy combatant." In that sense, we have already left the realm of constitutional government in favor of a protectorate outside the law promising to keep us safe (but never from itself).
But this new move to create a de facto dictator for the financial markets, to invest a Treasury secretary with unprecedented powers to buy and sell at close to a trillion dollar level - with no oversight or accountability: this is a new collapse in democratic life and constitutional norms.
Andrew Sullivan
