2016 Postmortem

dawg

(10,622 posts)

25. What I think Krugman is trying to get across is that simplistic thinking is not the answer ...

Sun Apr 10, 2016, 08:33 AM

Apr 2016

to the problems built into our financial system.

The financial crisis didn't happen because our banks were too big. Likewise, breaking up the big banks today wouldn't do all that much to make another crisis less likely. It's a "feel good" solution that sounds good to people who don't live and breathe this type of stuff, but it doesn't really address the true problems inherent to the system.

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TAIBBI: Bernie or no Bernie, 'Times' columnist Paul Krugman is wrong about the banks [View all] kpete Apr 2016 OP

kick... Segami Apr 2016 #1

The mortgage fraud settlements, the LIBOR market rigging scandal, the drug cartel money laundering think Apr 2016 #2

That's a great Taibbi piece. thesquanderer Apr 2016 #3

Matt Taibbi, is the best. nt Snotcicles Apr 2016 #17

Hell, Krugman just wants a cabinet position..... tokenlib Apr 2016 #4

Yep, just feathering his nest... Yurovsky Apr 2016 #6

That explains the actions of a lot of people vintx Apr 2016 #7

Krugman forgot Sinclair Octafish Apr 2016 #5

Ya, I dislike seeing people who can see the issue clearly choose money over truth Hydra Apr 2016 #8

Like a noise machine. Octafish Apr 2016 #10

Such a great Sinclair quote. Perfectly appropriate to this day, sadly. 2banon Apr 2016 #13

That's the problem when you sell-out to lying liars. 99Forever Apr 2016 #9

What is it about the Clintons that makes people willing to sacrifice their reputations. Cheese Sandwich Apr 2016 #24

I think they are worried that the Clintons will go for revenge on them. 99Forever Apr 2016 #27

Fear. frylock Apr 2016 #38

Truth. Systemic risk is risk to you. mmonk Apr 2016 #11

I hadn't read Krugman's column and didn't realize it was that stupid BernieforPres2016 Apr 2016 #12

What does it say about the media BernieforPres2016 Apr 2016 #14

I have no memory of Krugman's columns during the crises 2banon Apr 2016 #15

BOOM! Thank goodness we still have a few good writers Waiting For Everyman Apr 2016 #16

I know this won't be popular, but Krugman is right. dawg Apr 2016 #18

Krugman is only half-right. That's the essence of Taibbi's criticism. Jim Lane Apr 2016 #23

What I think Krugman is trying to get across is that simplistic thinking is not the answer ... dawg Apr 2016 #25

Krugman's column is more simplistic than Taibbi's. Jim Lane Apr 2016 #32

dawg is right. rogerashton Apr 2016 #26

Agree with you about Krugman. n/t Lucinda Apr 2016 #28

The Krugster has lost touch with the little people. Cowpunk Apr 2016 #19

kick 'n' rec pat_k Apr 2016 #20

This is going to be great!!! WhaTHellsgoingonhere Apr 2016 #21

"wide-ranging foreclosure abuses" -- there's more to the story pat_k Apr 2016 #22

So to put that in simpler terms... Cowpunk Apr 2016 #33

Yes. And they did the railroading with fabricated paperwork. pat_k Apr 2016 #35

Krugman is not the only economist in the US dr60omg Apr 2016 #29

This is Matt's area of expertise so I defer to him. Vinca Apr 2016 #30

This message was self-deleted by its author lumberjack_jeff Apr 2016 #31

I'm going to take the word of the Nobel Prize winning economist over a Rolling Stone columnist Freddie Stubbs Apr 2016 #34

Krugman has lost it. pdsimdars Apr 2016 #36

Krugman has allowed his ambition to cloud his judgment.. frylock Apr 2016 #37