Germany: Inspiration From An Unlikely Source

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We like laying blame and we like public humiliation. (Ed.'s Note: this is where I wanted to end the post but Carney said I had to go into greater detail.) If you can add in something about "pretentious know-it-all dicks," marry me? Hence, German finance minster Steinbrück's comment to the Financial Times that the "snooty" attitude of bankers and financiers who believed themselves to be "cleverer than the others" is to blame for the credit crisis is pretty much our own personal perfect storm. Steinbrück also said that while these incompetent managers were guiding us into the current global "disaster," they were also "mocking" and "deliberately misunderstanding" his proposal for increased transparency, which was genius and could've saved the planet. Pumping yourself up = cherry on top.
This is what we need more of. No more sidestepping the question of who's to blame when things go wrong (assuming in the first place that $8.1 billion writeoffs aren't right). No more blaming inanimate objects, or pretending to fall asleep when you should be flashing a picture on the screen of Jimmy Cayne meeting his dealer on Vanderbilt and the words "Is there a connection" with three or five questions marks and an exclamation point. Mack: Was the $3 billion writeoff Cruz's fault? Cruz, is Mack making you the fall girl in a desperate attempt to justify the free set of steak knives he gets every year from William Henry? Let it out, you two.
‘Snooty’ bankers blamed for crisis [Financial Times]

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