Posts Tagged ‘Paulson’

Confederacy of Dunces?? – Fannie,Freddie,Frankie,Bernanke

Monday, November 24th, 2008

and of course, Henry Paulson (Paulsie?).  All suffer from “best and brightest syndrome”; that is, the arrogant belief that the welfare state is inherently manageable (not), it just requires “smart people” to manage it. Didn’t work for JFK and it’s not working now.