re: #301 ralphieboy

Yep. It was an obvious moment for reform. Letting them fail is an idiotic idea, but the one-time emergency could have been turned into reform of the system to cut down on the risk-taking and the short-term mendacity. Instead, we got pushback even against the idea of curtailing bonuses.

And new bubbles are building up right now. The practices haven’t stopped at all. We may not even be out of this recession before the next speculative bubble explodes.