> I think it's a real stretch to call this a moral issue. After your little tribute to Niemöller there, I'm surprised you'd claim otherwise—but maybe you just

> I think it's a real stretch to call this a moral issue. After your little tribute to Niemöller there, I'm surprised you'd claim otherwise—but maybe you just find it a useful rhetorical device to use as a bludgeon in your quest for reduced spreads, added liquidity, and improved allocative efficiency. I suppose it wouldn't be the first time somebody's invoked the specter of Hitler and the Nazis in an argument with little or no regard for the awful human weight of the events they're alluding to.