Missing the point


There have been a spate of articles, largely in the financial press, over the last few days about the mortgage lying crisis, how halting mortgages to get things right is bad for the economy, and how everybody oughta just shut the hell up and move on.

The stories miss the point: the banks acted - and are STILL acting - irresponsibly. They operated AND ARE STILL operating as if they are above the law.

Which is why we are here in the first place.

So it DOES matter how these are unwound. More of the same leads to . . . more of the same.

(Even the NYT is starting to catch on. Story here on Burger King bankers.)