October 5, 2008

Even 60 Minutes Gets It Better than Congress

It was NOT the bad mortgages, really. The much larger problem was the unregulated, uncapitalized bets placed on top of them. As the last interviewee says, "it's a crime." For which individual heads need to roll, imho -- WITH seizure of all ill-gotten gains, pls; and we'd better start finding them because you can bet they're mostly off-shore already.

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