Wednesday, March 18, 2009

How Wall Street Shenanigans And Greed Cost Five Wisconsin School Districts Big Bucks

Nicely-crafted explanation.


Anonymous said...

I wonder what federal policies created such a large number of bad CDOs - don't you?

But at least we know where the greed was.

Damn school boards and union contracts and benefits that almost no average taxpayer will ever get were at the root of the problem.

Oh... wait, I bet you never thought of that.

James Rowen said...

I think you are over-analyzing this ideologically.

These boards got bad advice, then took it. Most boards did not go that route; they have themselves to blame.