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2016 Postmortem
In reply to the discussion: TAIBBI: Bernie or no Bernie, 'Times' columnist Paul Krugman is wrong about the banks [View all]Jim Lane
(11,175 posts)23. Krugman is only half-right. That's the essence of Taibbi's criticism.
You look elsewhere for "the chief cause of the crisis," and you write that the big banks "were not the epicenter of the crisis." Taibbi acknowledges Krugman's point about the key role played by Countrywide and its ilk. One might justifiably call them the epicenter of the mortgage crisis.
But "not the sole culprit" and "not the epicenter" and "not the chief cause" are all different from "played no significant role." As I read Taibbi's article, he's accusing Krugman of promulgating a half-truth, one that can be misleading if not given proper context.
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TAIBBI: Bernie or no Bernie, 'Times' columnist Paul Krugman is wrong about the banks [View all]
kpete
Apr 2016
OP
The mortgage fraud settlements, the LIBOR market rigging scandal, the drug cartel money laundering
think
Apr 2016
#2
What is it about the Clintons that makes people willing to sacrifice their reputations.
Cheese Sandwich
Apr 2016
#24
What I think Krugman is trying to get across is that simplistic thinking is not the answer ...
dawg
Apr 2016
#25
I'm going to take the word of the Nobel Prize winning economist over a Rolling Stone columnist
Freddie Stubbs
Apr 2016
#34