Should We Be Honoring the Men Who Put Out the Fire….and Also Created It ?

“There’s little doubt that Hank Paulson, Tim Geithner and Ben Bernanke all played substantial roles in the build-up of the 2008 financial crisis.  After all, Paulson was in charge of Goldman Sachs, the lead horse during one of Wall Street’s greatest speculative run-ups ever.  Geithner played a key role at the NY Fed, an agency designated as one of the primary regulators of the very banks who nearly imploded the economy.  And then there was Ben Bernanke who was utterly asleep at the wheel as he drove the economy off a cliff in 2008.

So I am befuddled when smart people keep claiming that these men deserve some debt of gratitude.  My friend Mark Dow (someone I almost never disagree with) says we should all thank them: ”

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