Wednesday, January 26, 2011

Financial Meltdown Was 'Avoidable

File under: "oh, really?"

It may be somewhere in the report, but the article does not mention that, in addition to complacency and ineptitude, this was also driven by brazen, insane, foam-at-the-mouth, drool-on-your-pants well as by corruption, cronyism, and a system that offers an open revolving door between TBTF banks, the Fed, the government, and the agencies that are supposed to regulate such behaviors.

No...kinda doubt that will make the report...they probably just want to say that the players made a widdle boo-boo and bwoke your widdle economy and they feel reeeeealy bad about it and they promise not to do it again.

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