Yes, apparently you are correct, and the blaming part will continue. I also agree the behavior of many individuals and institutions was criminal, and some of it is coming to light.
However, my point was, what good does it do to blame the captain of a sinking Titanic? Everyone will die anyway, so maybe it's better to just focus on securing lifeboats.
Blamewise, there will be a clown show this week, interesting to watch -g-
Message 26274493
Folks reading these bear threads know well who is to blame, so, the process of recognizing these culprits may not be of much interest -g-
The question that is far more interesting to me at this time:
Will the recent major change in BS words from the Administration result in firing of the Clinton criminally impotent economic crew and a replacement of these folks with someone more decent like Volcker? Will the US finally pursue policies that put the ship on the right path?
I agree with you, blaming the right people is part of the process, and I am happy this is happening, because these very same people are still at the helm of the Titanic. I also hate synthetic markets -g- |