Bank CEOs promise to reign their dadgummed crazy lobbyists


That’s what the CEOs said after their big meet-up with Obama yesterday. Apparently their lobbyists had just skittered off unattended and ended up unduly influencing legislation, something the CEOs found quite disturbing indeed. They promised to chasten such renegade lobbyists should they ever attempt this foolishness again. Really. They promise.

I’m reminded of a story Brian Eno told after the fall of USSR. He knew the son of a major government official and asked, what was it like living in a system with all that propaganda? The Russian replied, Ah, but we knew it was propaganda.

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