Lots in the news today about Goldman Sachs's CEO Lloyd Blankfein's trip to DC and the Senate battle over financial reform. Offering two surprisingly rational views on issues ranging from the housing bubble, Goldman's sneaky investment vehicles, stupid investors, smart investors, government mismanagement and pending financial reform is the New York Times. Not as surprising is that the two centrist views are furthered by one of the Times's more conservative Op-Ed columnists - David Brooks - and a contributing editor from Vanity Fair named Bethany McLean. Brooks talks about the gross pervasiveness of group think in Washington, which as far as I can tell has been going on since the term was coined during the deliberations of the Kennedy Administration over Bay of Pigs. Bethany McLean attempts to spread the blame a little more liberally, claiming that no one comes away clean in this mess, but ultimately - and compellingly - ends up dumping the blame on Congress.
I say Washington should clean house and put the TCD staff in charge. Or at least Senator Woodcock.
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