Posner: ‘Blame Regulators (& Economists)’ Let’s place the blame where it belongs. Not on the bankers, who are not responsible for assuring economic stability, but on the government officials who had that responsibility and failed to discharge it. They failed even to develop contingency plans to deal with what everyone knew could happen in a...Read More
I do not think [financiers] can be blamed for [the financial melt-down] any more than one can blame a lion for eating a zebra. Capitalism is Darwinian. –Judge Richard Posner, “A Failure of Capitalism: The Crisis of ’08 and the Descent into Depression” Personally, I think Posner lets Wall Street off the hook a little...Read More
