William K. Black: The Audacity of Dopes: "We are being played for chumps. The Bush and Obama plans could only have been designed by failed bankers -- for their principal beneficiaries are failed bankers. We already know enough to confirm that the Bush administration made us the 'fool' in the market by massively overpaying for assets. The Obama administration is about to compound that scandal with a 'guarantee' program. The bankers that caused the crisis designed both programs. The senior officers at big bank aren't very good lenders, but they are expert in maximizing their compensation."
(Via Huffington Blog.)
