Two takes on banking

[unixronin]

The banks were gaming the regulators and investors alike – and they knew full well what they were doing.

Steven Pearlstein writes in the Washington Post about the ethical character of Wall Street, while the Guardian talks about the massive frauds underlying the global banking meltdown.

Comments

Also, discussion of macroeconomic situation

[randwolf.livejournal.com]

Our Giant Banking Crisis—What to Expect (http://www.nybooks.com/articles/archives/2010/apr/19/our-giant-banking-crisis/?pagination=false). Krugman and Wells, reviewing Reinhart and Rogoff's This Time Is Different: Eight Centuries of Financial Folly at The New York Review of Books.

Re: Also, discussion of macroeconomic situation

[unixronin.livejournal.com]

That's an interesting review of what looks like a very thorough book. I can't help but suspect that once again, the people who need to learn the lessons won't.