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What If They Gave a Financial Crisis

Paul Krugman notes that not only is John McCain going to be an absolute nightmare on the need to reimpose some kind of regulation on our financial system, but both Hillary Clinton and Barack Obama are maintaining an eerie silence on these issues and one has to suspect that the generous contributions the scions of high finance have made to both Democrats is playing a role here. It’s not directly on point, but the relevance of my old boss Bob Kuttner’s book on Squandering of America is clear; or see Noam Scheiber’s review.

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