“Of course inflation and the rest are to blame. But it would be impoverishing
to stop there. Litan’s fellow economists assured us that financial deregulation was supposed to release untold energies by liberating the self-adjusting mechanisms of the capital markets. Instead, it released imprudence, incompetence, and fraud throughout the entire system. As a Wall Street Journal piece on the thrift disaster noted, the list of malefactors is “so long that some observers conclude there is something profoundly wrong with the country’s political and financial systems, which appear easily undone by feckless and reckless behavior. In fact, they say, the behavior of this legion calls into question the performance of this nation’s
professional class itself” (McCoy et al. 1990). The “calls into question” is a
little euphemizing, and the “some observers conclude” a classic journalist’s dodge for offering the forbidden controversial opinion, but the Journal’s analysis is a fine corrective to Litan’s. Unfortunately, the paper did not go into the sorry performance of the media, the Journal included, during the
1980s, as the thrifts and everything else were spinning out of control.”

From Doug Henwood’s “Wall Street” p. 99, surveying the wreckage of the S&L crisis.

What I should have said if the President physical appearance, meaning skin color was white would people like Matt feel so comfortable in speaking in such a disrespectfull manner about the leader of the free world.

You ran around like a man who hair was in flames in a crowded theatre yelling fire! so you could perpetuate the falsehood you continue to spew which alledges that the President is a sellout because of his help as it pertains to Wall Street,etc.

The fact that you do have a clear understanding about what really happended as it pertains to the Morgage Industry and the secondary market,leads me to believe that you recognize why the administration help the large banks and AIG which is a Insurance Corp.

Keeping it simple:Had the President not helped in the financial matter,Americans would be even worst off,unemployment rates would be higher,more jobs would be lost,foreclosure rates would be higher,more people would be without healthcare,etc.

I could go on but instead I say to you as someone that’s familiar with the President background I know he’s not a sell out. You are just playing the class war card because you know it’s an attention magnet.

I along with many find your deliberate disrespect of the leader of the free world repulsive. Unfortunately it could be said that if Obama was white would people like you feel so free to say such derogatory things about him.

Although I agreed with your assessment of the mortgage mess the fact that you’ve told an outright lie about the President you really don’t have a lot of credibility. It’s okay to have an opinion but when you try to pass it off as facts there is when your journalistic integrity has been set aside. Unlike many I can cut through the spin of pundits,etc.

I’ll end my comment by asking ‘What’s The Difference Between A Paid Lobbyst,A Political Talk Show Host,A Journalist,Pundits,A Editor-In-Chief of a blog,And A Contributor to a blog?None,because a paid lobbyist may use bribery as a means to and end,while the others uses fear mongering and threats.

“crazy” lady in TX