to read Paul Krugman's important article published in The New York Times, AQug 23, 2009, click on
http://www.nytimes.com/2009/08/24/opinion/24krugman.html?pagewanted=print
Joy comes in the morning..when the Reagan zombie, shareholder value over public interest,, vanishes!
"There’s a lot to be said about the financial disaster of the last two years, but the short version is simple: politicians in the thrall of Reaganite ideology dismantled the New Deal regulations that had prevented banking crises for half a century, believing that financial markets could take care of themselves. The effect was to make the financial system vulnerable to a 1930s-style crisis — and the crisis came."
P. Krugman in the article cited
That would be the same Paul Krugman who was a top financial adviser to Enron before he landed at the NYT....and everybody knows what a stellar job he did for them.