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MISTAKES WERE MADE.
prospect.org - 12/2/2008
MISTAKES WERE MADE.
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I've spent part of the day reading about super senior tranches and synthetic bonds and all the rest, and on some level, I think we're making this too complicated. The other day, Robert Rubin was asked if he's made mistakes. "I honestly don't know," he said. "In hindsight, there are a lot of ...
washingtonpost.com - 11/30/2008
Economically, Obama May Repeat FDR's Mistakes
— washingtonpost.com — Early in what became the Great Depression, John Maynard Keynes was asked if anything similar had ever... happened. "Yes," he replied, "it was called the Dark Ages, and it lasted 400 years." It did take 25 years, until November 1954, for the Dow to return ... (more) Economically, Obama May Repeat FDR's Mistakes

Comments vote down The Mahablog found this 11/30/2008found this
attackerman.firedoglake.com - 12/8/2008
Won’t Make The Same Mistakes He Did
— attackerman.firedoglake.com — Noah Shachtman at Danger Room notices an ominous development. The Taliban appear to be relaxing their severest... doctrinal demands in order to increase their cohesive capability among the Afghan insurgency. Noah remarks: If true, this would give a ... (more) Won’t Make The Same Mistakes He Did

Comments vote down Firedoglake found this 12/8/2008found this
americablog.com - 12/2/2008
Bush: Mistakes, I've made a few, but I feel bad the everyone got so mean
— americablog.com — Your president opened up a bit to ABC yesterday -- and kinda, sorta acknowledged mistakes in his... administration. Actually, the whole administration was a mistake. But, his regret about "the tone in Washington" getting worse is almost funny. Bush and ... (more) Bush: Mistakes, I've made a few, but I feel bad the ...

Comments vote down WTF Is It Now?!? found this 12/2/2008found this

Blog Reactions

Ross Douthat:  Learning From (Recent) History

Obsidian Wings:  Black Mirror

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Blog Reactions

Learning From (Recent) History
Ross Douthat — James Poulos, on the lessons of Iraq: Of course, people get antsy when you won't cough up a grand ideology to match your grand strategy, but that's sort of the point; and now I'll make what looks like an about-face and suggest that, for someone not tethered to realism or neoconservatism as a matter of ideological principle, the Iraq war was not terribly chastening, even if it was formative, because some of us suspected from the beginning that there was really only one Iraq, and that the perfect storm of possibility, capability, timing, interest, and passion developed there in a way that simply won't appear in any other country any time soon -- especially given the ...

Black Mirror
Obsidian Wings — ... Ezra Klein argues that people -- with their fancypants synthetic CDOs -- are making the financial crisis too complicated. At heart, the basic problem is still the housing market: ...

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