A Wunch of Bankers

...or how the ball got dropped this time around. The government *always* drops the ball in the end, or, as Bob Beckman used to say (paraphrased) "What we learn from History is that nobody learns anything from History."

This author has summarized the development of the banking crisis in straightforward terms:

Economic Disasters and Stupid Evil People

I suppose I should be updating my Great Depression page, written in 2003 (although I've been waiting for this to happen since at least the 1980's). It's about time, really.