November 2, 2011 - 9:45am -- jim
I am not suggesting that Morgenson and Rosner pull their punches. To
the contrary, the authors deliver enough knockouts to be contenders with
Taibbi as world champions in exposing the reckless fraud that the US
financial sector and its regulators now epitomize.
The financial crisis, which is very much still with us, did not result
from accident or miscalculation; neither did it result because of a flaw
in Alan Greenspan's theory, as he told Congress when a feeble effort was
made to hold him accountable. It was the intentional result of people