Monday, April 12, 2010

The Financial Crisis was No Accident!

http://baselinescenario.com/2010/04/12/magnetar-financial-crisis-cover-up/

James Kwak discusses the intellectual "cover up" of the financial crisis. I recently received as a gift (great gift!) his book with Simon Johnson 13 Bankers, which is great so far. The financial interests want the crisis to be perceived as an unanticipated accident, which it was most certainly not. The crisis resulted from deliberate efforts to undo regulatory controls and outright fraud and deception!

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