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    the stupid burns a lot..., 2009-03-10 19:19:07 | Main | The RSS feed from Reason Magaz..., 2009-03-11 11:10:03

    is it too late to get in on the panic?:

    Maybe I'm beginning to understand why Geithner claims he couldn't nationalize the banks even if he wanted to, look at the help:

    In at least one instance, investigators say, banking regulators actually approached the bank [Indymac] with the suggestion of falsifying deposit dates to satisfy banking rules even if it disguised the bank's health to the public.

    ...

    "He's the person that claimed that he looked into Charles Keating's eyes and knew that Charles Keating was a good guy and therefore ignored all of the professional staff that told him that Keating was a fraud, and he produced the worst failure of the Savings and Loan Crisis at $3.4 billion. Now he's managed more than triple that," said Black, now an economics professor at the University of Missouri in Kansas City, Missouri.


:: posted by buermann @ 2009-03-11 09:45:23 CST | link





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