Barney Frank calls John Fund a "liar and coward"

[NickCole]

^ I approach everything with some skepticism, but the fact that the Times carries a range of columnists, unlike the WSJ, and has editorially supported causes associated with conservatives gives the Times substantial credibility.

Yeah sure, the Times supporting Bush's Iraq War, on their editorial page as well as bogus reports on their front page, gives them substantial credibility.


As for the range of columnists the WSJ publishes, there's a good op-ed piece in today's WSJ by Elizabeth Warren:

Wall Street’s Race to the Bottom
Jamie Dimon is wrong. We shouldn’t expect a crisis ‘every five to seven years.

Banking is based on trust. The banks get our paychecks and hold our savings; they know where we spend our money and they keep it private. If we don't trust them, the whole system breaks down. Yet for years, Wall Street CEOs have thrown away customer trust like so much worthless trash.

Banks and brokers have sold deceptive mortgages for more than a decade. Financial wizards made billions by packaging and repackaging those loans into securities. And federal regulators played the role of lookout at a bank robbery, holding back anyone who tried to stop the massive looting from middle-class ...


This generation of Wall Street CEOs could be the ones to forfeit America’s trust. When the history of the Great Recession is written, they can be singled out as the bonus babies who were so short-sighted that they put the economy at risk and contributed to the destruction of their own companies. Or they can acknowledge how Americans’ trust has been lost and take the first steps to earn it back.

http://online.wsj.com/article/SB10001424052748703630404575053514188773400.html

 

[Kulindahr]

^
Kudos to Warren -- that kind of says it all.

Americans ought to get up, pull their accounts from all the banks that screwed up, and walk over to their local savings and loan, credit union, local bank, or state bank that kept its hands clean.