Matt Taibbi Is Wrong about The Great Recession

Matt Taibbi over in Rolling Stone is getting very hot under the collar about Hillary Clinton’s suggestions for how to deal with Wall Street and the too big to fail problem. That’s Hillary’s plan that I called a very good one just a couple of days back. So, clearly Taibbi and I disagree but the interesting thing is why we disagree. And that’s very clear too: Taibbi thinks that the housing crash and the recession that followed came from corruption. From criminal acts, from people doing wrong. And I don’t: I think it came from people being wrong. And thankfully for the freedom of all us doofuses being wrong is not a criminal act nor do we term it corruption. And the thing is I’ve got good economic research on my side to prove my point.