Wall Street Who-Dunnit: No One?? Victory has a thousand fathers, but defeat is an orphan. –John F. Kennedy Hurricane Katrina was an act of nature. The economy’s Wall Street-triggered financial collapse is not. If and when anyone is actually held accountable for that, you can expect to hear variants (combinations?) of the following defenses. (Im)plausible...Read More
Hollywood Couldn’t Come Up With This Stuff “The AIG bailout, in effect, was Goldman [Sachs] bailing out Goldman [Sachs].” –Matt Taibbi, “The Big Takeover”; Rolling Stone (3/19/09) “Here’s the dirty little secret . . . most of the stuff that got us into trouble was perfectly legal. And that is a sign of how much...Read More
