The oddest thing about the Geithner program is its failure to act as though the financial crisis is a true crisis. If banks are recapitalized without changing their management, why should we expect them to change the behavior that caused the insolvency in the first place? |
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At www.washingtonmonthly.com
Josh Mitteldorf, de-platformed senior editor at OpEdNews, blogs on aging at http://JoshMitteldorf.ScienceBlog.com. Read how to stay young at http://AgingAdvice.org.
Educated to be an astrophysicist, he has branched out from there (more...)