A forum, news site and archive begun in February, 2007 about politics and the environment in Wisconsin. And elsewhere.
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.
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.
I wonder what federal policies created such a large number of bad CDOs - don't you?
ReplyDeleteBut 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.
I think you are over-analyzing this ideologically.
ReplyDeleteThese boards got bad advice, then took it. Most boards did not go that route; they have themselves to blame.