Posts Tagged ‘revolution’

Fault lines: Egypt and the financial crisis

Bob Maistros

So whose fault was the 2008 financial crisis?

According to the Democratic-appointed majority of a blue-ribbon panel appointed by Congress, blame those lax regulators and greedy bankers.

Hearings but never understanding.

Hearings but never understanding.

One Republican-selected dissenter says it was too long a leash for Fannie Mae and Freddie Mac.

And three other Republican panel members insist that’s all too simplistic, and it was like ten different factors, some of which involve broad global trends.  I might be somewhat convinced by their argument if I could understand it.

In any event, as Richard Nixon used to say – or at least as Tricky Dick imitators used to say that he said – let me say this about that.  Actually, three “this-es.”

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