“We’re All Hosed”

A Wall Street Insider on the Economic Crisis

“A veteran investment banker dishes on the greed and stupidity that led to the meltdown of the financial system.”  And ultimately, the greed and stupidity of the currently fashionable graft bailouts led by the White House and Congress.  He’s not actually saying we’re all hosed—he’s talking specifically about “the taxpayers who didn't participate in the borrowing frenzy of the last few years, who saved diligently and are now paying the price with their tax dollars.”