Apr 27, 2011

Once again I'm late to the revelation. The other day I made the mistake of seeing The Inside job the other day. I knew the story line well enough: I watched some of the congressional hearings a year ago. I read Krugman et al. I've studied the greed-ridden face of the principals. And I know some people who have been knocked down by it. Directly and indirectly.

I'd also read Matt Damon's reservations about the Obama administration, even Obama himself, and then promptly dismissed them.

The problem is that when you see the drama all laid out, all of a piece, and you see how in administration after administration the villains never go away, much less get called to account — not to mention the insidious link with academe in general and Harvard in particular – it changes your perspective. Or it did mine. I was most struck by Obama's introduction of Larry Summers.

And so you think, well Obama is saving the best for last, he'll deal with it after 2012. But I'm beginning to wonder if that's true.

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