The Economy and the Wheel of Blame

Frixxxx

Frixxxx

Moderator
Well, as the economy seems to get worse the wheel needed to be spun again to blame another financial sector.

I swear there is a wheel on Capital Hill.

First it was the Real Estate market, next it was the MBS market, then the insurance underwriters, then the banks, hedge funds and now derivatives.

The next thing you know it will be blamed on the movies Bruno and Borat, although they need to be blamed for something else.

Anyway, gratuitous link and Timmy Spins again:

http://finance.yahoo.com/news/Geithner-says-derivatives-apf-3968319136.html?x=0
 
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