BLAMING “THE STUPIDS” FOR THE FINANCIAL DISASTER

A few weeks old, but a great read.

Tom then lays out who was complicit in all this—with nary a mention of the media that spent years hyping the “financial innovation on Wall Street.” His answer: all of us. Everyone, he concludes, was involved so you can’t really blame anyone, much less prosecute the fraudsters and, to use an FDRis, “banksters” who bamboozled the gullible and laughed all the way to the bank or their high priced condo—which ever came first.