When Only Certain Words Will Suffice
When words like abstruse, opacity, delusional, and ugly collide, we can only be talking about one thing: Wall Street.
Those words came together in an interview on The Rachel Maddow Show with Michael Lewis, author of “The Big Short,” about the financial collapse of 2008 from the perspective of those who both saw it coming and raked in millions of dollars in its wake. It’s an engaging and interesting few minutes. I think the evidence accumulated by Lewis and many others points to a need for Congress to take strong action to repair what’s broken.
Call me a pessimist, but somehow I don’t think Dodd’s legislation is really going to cut it.
Watch here or below. (An interview with Dodd about the bill on C-SPAN follows.)
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