September 22, 2008

John Steele Gordon on the Financial Mess: Greed, Stupidity, Delusion and Some More Greed - Freakonomics - Opinion - New York Times Blog

John Steele Gordon on the Financial Mess: Greed, Stupidity, Delusion and Some More Greed - Freakonomics - Opinion - New York Times Blog

The truth is so inconvenient for the Congressional elite. Obama is lucky to have been there such a short time that the nasty spatter probably won't hit him. McCain is fortunate he's been a reformer...more or less. But there's plenty of fallout for others, among them Senator Dodd of Connecticut.

You must read this post by John Gordon to see where a good portion of the blame for the financial meltdown, particularly of Fannie Mae and Freddie Mac, lies!

No comments: