Shorter Megan McArdle: The lawsuit involving the illegal practices of the shadow banking system that helped bring down the world economy is nothing but a PR battle.
It's cute to see McArdle's sudden and intense concern for the problems with the SEC. The Democratic administration has motivated wingnuts to a brand-spanking new sense of duty and previously unknown levels of industry.
ADDED:
Shorter Because She's Not Worth A Longer Megan McArdle: Ugh, new $100 bills. Who cares about stupid old counterfeiters anyway?
If the counterfeiter is North Korea, the US government does.
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She argues that conterfeiting isn't a big deal because it doesn't hurt the economy at large? What about some small-time shop owner who gets hit with four or five fake $100 bills a week who loses a substantial amount of his earnings? What about a student with limited income who gets passed a bogus $20 they can't spend, so they wind up losing their food budget for a week? It's not how it affects the banking system and the entire economy. It's people as well. I guess as long as none of those people are Megan or the slave masters she shills for, it's no big deal for her.
Yes, until she loses money on a bad note she won't care. When she does it'll be the biggest tragedy in the world.
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