he crisis originated in the malfunctioning of an under-regulated financial sector, not in government overspending or government over-generosity to less affluent homebuyers. Fannie Mae and Freddie Mac were bad actors, yes, but they could not have capsized the world economy by themselves. It took Goldman Sachs, Merrill Lynch, AIG, and — maybe above all — Standard & Poor’s and Moody’s to do that.So there you have it...And now here's Mikey!
Friday, April 22, 2011
Re, The Economy: Big Mike "Breaks It ALL Down For You!"
This is pretty much it. Even according to conservatard apologists like David Frum: t