Dana H.

Predictions for 2009: Who Will Be the Winners and Losers?

Oh for Pete's sake. It wasn't the "greed of Wall Street" that was the problem. Wall Street has always been "greedy" -- i.e., interested in making money. And what's wrong with that?

The chickens that came home to roost are those of massive government intervention, from the CRA to Fannie/Freddie to SarbOx to, most importantly, the Fed's supply of cheap money to the economy that gave rise to the housing bubble. Please, let's not continue to repeat the bogus claim that this was a failure of capitalism rather than a failure of government.