Tuesday, January 19, 2010

Bankers Without a Clue

Krugman's Bankers Without a Clue.
"[T]he bankers' testimony showed a stunning failure, even now, to grasp the nature and extent of the current crisis.  And that's important:  It tells us that as Congress and the administration try to reform the financial system, they should ignore advice coming from the supposed wise mean of Wall Street, who have no wisdom to offer."

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