re: #72 petesh

The piece was focusing on the “don’t blame the poor” — I did not read it as absolving the banks at all, it just focused on the first half of the pair it cited as the conventional wisdom.

This is admittedly a matter of interpretation.

But discussing speculation as a factor in the 2008 crash without once noting the banks’ role in fueling and profiting from that speculation is a remarkable omission.

Especially since it is part of the job of the financial sector to prevent destabilizing speculative asset bubbles from forming if possible.