Sunday, April 27, 2008
Our favorite Republican business columnist, Ben Stein, has another great article in today's New York Times (the title should link, but if it doesn't, here's another link here.) For those of us who have wondered exactly how this credit crisis could happen, Ben spells it out by quoting investor David Einhorn extensively. One of Ben's quotes about Wall Street: "It looks to me as if the inmates are running the asylum. One truth, that deregulation is sometimes a good thing, has been followed down so long and winding a road that it has led to an immense lie: that deregulation carried to an extreme will not lead to calamity." You tell them, Ben.