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| Economy |
| Bankers Without a Clue |
| 2010-01-15 |
| Krugman in NYTimes: The bankers' testimony showed a stunning failure, even now, to grasp the nature and extent of the current crisis. We're in trouble entirely thanks to the dysfunctional nature of our own financial system. Everyone understands this -- everyone, it seems, except the financiers themselves. Upton Sinclair said it better: "It is difficult to get a man to understand something when his job depends on not understanding it." |
| Posted by:Anguper Hupomosing9418 |
| #3 Congress = Hounds Barking at the Moon |
| Posted by: Blackbeard Omomock5867 2010-01-15 21:27 |
| #2 Congress = Systemic Risk |
| Posted by: Perfesser 2010-01-15 14:55 |
| #1 We're in trouble entirely thanks to the dysfunctional nature of our own financial system. But they fail to point out the the political system, congress in particular is a HUGE component of the dysfunction. |
| Posted by: AlanC 2010-01-15 14:17 |