For anyone interested in a smart (and to my mind, entirely plausible) account of what missteps (dating back to the Reagan administration) brought us to this ... no, I can't say low point, we're still plummeting ... extended crisis, how about that? ... in the US economy and financial sector, you could do a lot worse than reading Nobel laureate Joseph Stiglitz's piece in Vanity Fair:
Capitalist Fools.
Meanwhile, the question was asked just a couple of days ago, whether Rod Blagojavich was merely stupid, or plain crazy. I'm now tempted to ask the same question of the
Senate Republican caucus.