http://www.nytimes.com/2008/12/21/business/21admin.html?hp
This is a long and depressing article in the NYT detailing some of the intense crony capitalism that went on in the Bush administration, and his blind faith in unregulated markets. The extent to the damage that the Bush administration has done is unthinkable. I lay the entire Wall Street debacle at his lumbering feet. So much for the CEO presidency. The rampant stupidity and disregard for warnings about the house of cards that was sure to collapse is astounding. Was it willful ignorance or did they ignore every warning because they were getting rich. This bone ignorance brought the world Bernie Madoff who used his connections at his Fifth Avenue synagogue to find victims for his ponzi scheme.
http://www.nytimes.com/2008/12/21/opinion/21rich.html?ref=opinion
Frank Rich's column details the absolute rampant crookishness and the different worthy charities, universities, pension funds, and people of Madoff. What on earth could he have been thinking? He reminded me of that horrible pharmacist in the mid-west who watered down chemotherapy drugs, so he could be a big cheese at his church. How can these people live with themselves.
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