Quote of the Day – 12.30.08

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QUOTE OF THE DAY….From Treasury Secretary Henry Paulson, looking back on his handling of the economic crisis:

I easily could imagine and expected there to be financial turmoil. But the extent of it, O.K., I was naïve in terms of — I knew a lot about regulation but not nearly as much as I needed to know, and I knew very little about regulatory powers and authorities. I just had not gone into it in that kind of detail.

This is from the same Vanity Fair piece that I linked to a few minutes ago. Hat tip to Dan Drezner, whose only comment is an apt one: “Sweet Jesus.”

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A BETTER WAY TO DO THIS?

We have an ambitious $350,000 online fundraising goal this month and we can't afford to come up short. But when a reader recently asked how being a nonprofit makes Mother Jones different from other news organizations, we realized we needed to lay this out better: Because "in absolutely every way" is essentially the answer.

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