Transatlantic Tensions
24 minutes ago
Commentary on politics, economics, and the news of the day.
Late last month, PJM reported that Rep. Darrell Issa (R-CA) — ranking member of the House Committee on Oversight and Government Reform — had begun an investigation into allegations the Federal Deposit Insurance Corporation (FDIC) gave preferential treatment to banks with political connections.Is there anyone that would be surprised to learn that the FDIC plays favorites?
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In the two-page response, the FDIC does not claim they do not maintain such a list or engage in the practice of flagging banks which have important contacts. Instead, they essentially say they do not have to provide such information to PJM because the request was simply too broad.
Ah, but then came the deadly disclaimers. “VEGAN GLUTEN-FREE NO GMOs NO TRANS FAT.” and “We support local and fair-trade sources growing certified organic, transitional, and pesticide-free products.” Aaaarrrgggh! Suddenly my lovely potential snack was covered with an evil-smelling miasma of diet-faddery, sanctimony, political correctness, and just plain nonsense. This, I find, is a chronic problem with buying “organic”.