I saw this on Digg, but this is footage of our stupid president saying that the financial crisis is Wall Street's fault. Now, I don't think anyone in this administration has put such a fine point on it, but watch this video - apparently he didn't want cameras there. The crisis in financial markets is Wall Street's fault - and congress's for the lack of oversight and regulation. Since it is Wall Street's fault, they should have to take the losses and public money shouldn't be used to bail out these companies. No one bailed out Sowood when we went down for our mistakes, so no one should bail out Lehman or any other private bank on the cusp.
http://politicalblog.abc13.com/
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Indeed, it's very interesting to note how quickly the people who worship at the altar of the Efficient Market turn heathen when they are forced to suffer the consequences of their own inefficiency.
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