Wall Street Whitewash

Gov’t report forbidden from saying “deregulation”, “shadow banking”, or “Wall Street” by the 4 Republican members of the 10-member Financial Crisis Inquiry Commission

“In the end, those of us who expected the crisis to provide a teachable moment were right, but not in the way we expected. Never mind relearning the case for bank regulation; what we learned, instead, is what happens when an ideology backed by vast wealth and immense power confronts inconvenient facts. And the answer is, the facts lose.”

By PAUL KRUGMAN
Published: December 16, 2010

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