Richard
Epstein, professor of law at the University of Chicago and NYU, argues that the
responses of both Bush and Obama to the economic crisis reveal an astonishing
ignorance of bankruptcy law. Peter Robinson quotes Epstein, "When we attempt to bail out failing enterprises,
we take them away from bankruptcy judges, who are experts, and give them to a collection of congressional individuals who are charitably called clowns. When you bring commercial decisions to Congress they become politicized, and politicized decisions become destructive decisions." [my bolding]
Click here for Robinson's interview with Epstein.