Saturday, September 3, 2011

THE 'NOT MY FAULT' AND 'GOTCHA' EXCUSES: A Doleful Jobs Report - Barrons.com

A Doleful Jobs Report - Barrons.com

What I missed this week is something about the "gotcha - it ain't my fault I was stupid" attitude so prevalent in government and the public.

As an example, suing the banks for being stupid enough to issue mortgages for overpriced real estate.

Gee, it can't be that the banks made the same mistakes the public did in buying, the government did in advocating, the regulators didn't question at the time or, gosh-by-golly, the rating agencies saw no problem with?

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