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the stupid burns a lot...,
2009-03-10 19:19:07
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The RSS feed from Reason Magaz...,
2009-03-11 11:10:03
is it too late to get in on the panic?:
Maybe I'm beginning to understand why Geithner claims he couldn't nationalize the banks even if he wanted to, look at the help:
In at least one instance, investigators say, banking regulators actually approached the bank [Indymac] with the suggestion of falsifying deposit dates to satisfy banking rules – even if it disguised the bank's health to the public.
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"He's the person that claimed that he looked into Charles Keating's eyes and knew that Charles Keating was a good guy and therefore ignored all of the professional staff that told him that Keating was a fraud, and he produced the worst failure of the Savings and Loan Crisis at $3.4 billion. Now he's managed more than triple that," said Black, now an economics professor at the University of Missouri in Kansas City, Missouri.
:: posted by buermann @ 2009-03-11 09:45:23 CST |
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