Honestly, it’s kind of unbelievable, well not unbelievable … shocking, well not shocking, really … disappointing – it’s really disappointing that Krugman needs to publish a brief history of our financial times just to make sure everyone really knows what happens.
…It’s a universe in which regulators coerced bankers into making loans to unqualified borrowers, even though only one of the top 25 subprime lenders was subject to the regulations in question.
