Credit crisis – The Blame game

McCain’s playing “pin the donkey”, Obama’s playing “it’s elephantiasis, stupid”, and the rest of the establishment is searching for a sitting duck. Wall Street execs, Fannie and Freddie, dishonest mortgage brokers, the Fed, Greenspan, derivatives, AIG, deregulation, CRA, short selling, rumors – all of these have been blamed so far. And we’re not done yet.

In the meantime, Victor Davis Hansel writes an article on Real Clear Politics about lessons to be learnt from the crisis. The last paragraph is worth noting. It takes us back to the basic core values that seem to have gotten lost in the midst of the boom.

Pretty simple, really.


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