Crazy Economists Are Still Defending The Wall Street Bailout As The Recession Gets Worse

Economists are still spinning fairy tales so they can celebrate bank bailouts. Too bad everybody's still broke and out of work.

August 6, 2010 | It is amazing that angry mobs have not risen up and chased all the economists out of the country. While the greed of the Wall Street gang provided the fuel for the bubble, the economists played an essential role as enablers. This was most directly true for economists in policymaking positions, like Alan Greenspan at the Fed.