The New York Times ran 2 stories on its 1st page of the Business Section, and BOTH show breathtaking incompetence by federal agencies. On this, Republicans have a point. It is only fair that the NYT reports these items:
1. http://dealbook.nytimes.com/2013/01/23/financial-crisis-lawsuit-suggests-bad-behavior-at-morgan-stanley/
Morgan Stanley, the huge investment banking firm, played the Feds like a fiddle. It was a complete mismatch. Thanks to government incompetence, Morgan Stanley wrecked millions around the country and the planet, and suffered virtually no penalty.
2. http://www.nytimes.com/2013/01/24/business/global/boeing-787-battery-was-not-overcharged-japanese-investigators-say.html?_r=0
The Federal Aviation Administration gave Boeing's "Dreamliner" 787 airplanes a complete pass,
and now those planes' lithium batteries are causing fires all over the place.
This story updates the old saying, "Not Bad For Government Work."
Because this IS Bad Government Work.
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