Top of the Morning

Top of the morning

The national debate about financial reform continues to boggle the mind. The very people whose greed and mismanagement sent the economy to the edge of collapse are angry about efforts to make sure it doesn’t happen again.

That’s the sentiment in a column by James Kwak recently cited on Matthew Yglesias’ blog at Think Progress. This pretty much sums it up.

Wall Street CEOs like to think they are the adults, the big men in the room, the ones who know how the world works. Well, you know what? They screwed up their own banks, the financial system, and the economy like a bunch of two-year-olds. Every single major bank would have failed in late 2008 without massive government intervention — because of wounds that were entirely self-inflicted

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