Required listening (part 1 only, though part 2 is ok): This American Life – Inside Job.

After reading the recent Tim Geithner profiles in The Atlantic and The New Yorker, I finally get the reasoning behind the bailouts–not saving wall street would have cost the tax payers even more and deepened the recession.  I can’t believe, though, that we’re going to emerge from this crisis without an overhaul of wall street or, better yet, a rethinking of what sort of financial activity we want to allow period.

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