Or, who will be the Keating 5 of the 2000's? Perspectives from those of us who remember the East Asian crises of the 1990's.From the NYT:News Analysis
A 'Moral Hazard' for a Housing Bailout: Sorting the Victims From Those Who VolunteeredBy EDMUND L. ANDREWS
Published: February 23, 2008
WASHINGTON -- Over the last two decades, few industries have lobbied more ferociously or effectively than banks to get the government out of its business and to obtain freer rein for "financial innovation."...