Word: messes
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...Kraft's novel Flying (Picador; 581 pages). And of course, Peter's "full and frank disclosure" is much more a Proustian exercise in creative recollection than a marshaling of the facts. After all, Peter is an imaginative soul, and he knows it--that's what got him into this mess in the first place. "When you are a seat-of-the-pants memoirist," he writes, "you don't write about your life; you live your memoirs. You begin to feel that you and your account of yourself are one, like a mythical beast...
...Banks thought they could buy these bonds and lock them in their closet," says Rohan Douglas, chief executive of Quantifi, which helps investors and banks evaluate the riskiness of their portfolios. "Now those doors are being pried open, and what we are finding is one big mess...
Thank you for the list of 25 people to blame for the economic mess [Feb. 23]. It is nice to see who is responsible for this implosion. I do think you should have put the American Consumer at No. 1, though. No matter how nicely packaged the subprime mortgages were or how pretty those overpriced houses looked, if it were not for the consumer's utter gullibility, we wouldn't be in this mess to begin with. Does no one remember the housing bust of the 1990s? How about the adage, If it sounds too good to be true...
...surprised that Senator Chris Dodd and Congressman Barney Frank were left off the list of 25 people to blame for the economic meltdown. Each of them chairs a committee with oversight of banking and housing, the two sectors that got us into this mess. Each of them blocked attempts at tighter controls over Freddie Mac and Fannie Mae. Even more outrageous was Dodd's acceptance of a VIP loan from Countrywide. These two characters ought to be No. 1 and No. 2 in the lineup. Tim Grosscup, VILLA PARK...
...think of 25 reasons for the economic mess we are in, but none of them relate to specific people. The culture into which we have evolved includes no moral compass and is based on greed; instant gratification; selfish disregard for others, present and future; an expectation that the government will handle all our needs--you get the idea. We can all take blame. Joe Gordon, DALLAS...