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Krugman: Invincible Ignorance [View All]

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-15-10 09:27 AM
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Krugman: Invincible Ignorance
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Invincible Ignorance

So Republican members of the Financial Crisis Inquiry Commission are going to issue their own report, placing primary blame on the government because its always the governments fault.

And according to reporting at the Huffington Post,

all four Republicans voted in favor of banning the phrases Wall Street and shadow banking and the words interconnection and deregulation from the panels final report, according to a person familiar with the matter and confirmed by Brooksley E. Born, one of the six commissioners who voted against the proposal.

Yep. It was all Fannie and Freddie, which somehow managed to cause housing bubbles in Ireland, Iceland, Latvia, and Spain as well as the United States; and the repo market had nothing to do with it.

And bear in mind that this wasnt one Republican; it was all of them.

I really do wonder how this country can remain governable, when one party insists on creating its own reality. Next thing you know theyre going to reject the theory of evolution. Oh, wait



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