Did TIME's 25 People to Blame for the Financial Crisis have you tearing your hair out? ***
Not enough emphasis on some people, too much emphasis on others, and too many obscure ringers?
Well then, read David Fiderer's excellent analysis of TIME's "muddle-headed narrative" and see where and how they got it wrong!
And if that doesn't make you question the prevailing mantra that it's really all OUR fault (yes, according to Time, WE THE PEOPLE are in the Top 5, with no mention of Republican Tax Cuts or the Republican Congress), then I hope you watched PBS Frontline "Inside the Meltdown" this week.
If you missed it, click here to watch it online (you have to scroll down to their TV box to start it; if you don't have an hour, just mouse over the meltdown timeline below the TV box for quickie summaries).
Frontline kind of answered a question I've been wondering for some time about why Bear Stearns was bailed out but Lehman Brothers was allowed to fail thus bringing down the whole house of cards. As I suspected, the top people at Lehman Brothers were not favored by the Bush Administration. In particular, Henry Paulson had a longtime antagonsim for Lehman CEO Richard Fuld.
So, ummm .... could it possibly be that Hank's hard-on for Dick F. brought down the world's economy? We are so screwed ...
*** image is Cassandra who was gifted with prophesy. The gift carried a curse that she could only foresee bad things which she was doomed to reveal but no one believed her. ***