Guest Post by Karl Denninger
When Janet Tavakoli decided to release a new book called Decisions: Live And Death On Wall Street, I knew it would be an interesting read — and it is.
Let me just cite one small paragraph:
Why have we allowed crime without punishment? When I asked Democrats close to the top of the Obama administration, their answers were so similar I thought they had memorized a script: The administration made a bargain, and I’m not sure it was the right decision. The world was teetering on the edge of collapse. There was a crisis of confidence. There would have been unimaginable consequences.I believe you would have gotten a similar answer whether you asked a Republican or a Democrat; it was a bipartisan betrayal of taxpayers.
Yeah, there you go.
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