The Other Plot to Wreck America...Frank Rich in NYT

[democrank]

Rich lands another well-placed punch on the economic wrecking crew in high places. "Ticking-bomb scenario" indeed.


http://www.nytimes.com/2010/01/10/opinion/10rich.html

[Smarmie Doofus]

1. This I did not know:

>>>>>>Angelides gets it. But he has a tough act to follow: Ferdinand Pecora, the legendary prosecutor who served as chief counsel to the Senate committee that investigated the 1929 crash as F.D.R. took office. Pecora was a master of detail and drama. He riveted America even without the aid of television. His investigation led to indictments, jail sentences and, ultimately, key New Deal reforms — the creation of the Securities and Exchange Commission and the Glass-Steagall Act, designed to prevent the formation of banks too big to fail.

As it happened, a major Pecora target was the chief executive of National City Bank, the institution that would grow up to be Citigroup.>>>>>>>>>

Frankly , I wish I'd spent more time in school studying economics.

Right now.... I just wanna dig a hole in the backyard and bury whatever it is I have left.

Now, if I only HAD a backyard.

K and multiple Recs.

[skepticscott]

3. I think we'd have a much better country

and a more informed populace, if economics were a required subject in high school, just like english, math and American history. Economics are so entangled with politics on so many issues, that if you don't understand the one, you can't understand the other.

[Name removed]

4. Deleted message

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[Smarmie Doofus]

7. Agreed. History is taught generally badly ( and dishonestly).

Economics is not taught at all, far as I know.

[SpiralHawk]

2. Thank you, Mr. Rich

Good stuff, as usual.

The k and the r.

[90-percent]

5. Suggestion

Maybe us little people should make tiny donations by the millions for this commission? Turn their eight million dollar budget in to eighty million or something?

GOD BLESS FRANK RICH!

-90% Jimmy

[liberalla]

6. K & R

[Stevepol]

8. If Geithner is ever put on trial, I hope they provide a translator so

I can understand what to hell he's talking about. It would be hard to find somebody with a greater gift of obfuscation.