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Thursday, September 18, 2008 12:00 AM

McCain: How not to explain a meltdown

In a speech on "financial reform," the candidate points the finger at the wrong target.
Andrew Leonard

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  • Thursday, September 18, 2008 01:25 PM

    Minor quibble...

    But now we know that the critics were right, that instead of distributing risk more widely, we achieved the opposite.

    I beg to differ. IMO, the risk was widely distributed because it was so well concealed.

    The financial industry should have gotten food poisoning and puked this crap out before it did serious harm. Instead, the poison spread throughout the system and is now causing massive organ failure.

    —Alkaline Read Alkaline's other letters

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