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Wednesday, March 10, 2010

Comparing the U.S. and Iceland

Quick Quiz: Who Said It? (Keep Reading)

[Almost two years after the financial melt-down] precious little has changed about Wall Street's massive gravitational pull in the U.S. and the world.

Our banks are still too big to fail, their boards are still poorly composed, we have no Consumer Financial Protection Agency, no systemic regulator, no resolution authority, and no reform of mortgage securitization or ratings agencies, two of the institutions that most enabled the crisis to occur.

We've been distracted from the task of preventing another crisis from happening by the task of minimizing the current one, and as a result, we've done neither, while allowing our other domestic problems to snowball.

My sentiments -- and many others' -- exactly (sadly).

So, in which lefty, rabble-rousing rag did the above quote appear?

A. Mother Jones
B. The Nation
C. Rolling Stone
D. Fortune

Answer: D.

And just in case you didn't know, Fortune magazine is about as left-wing as Dwight D. Eisenhower (make that Ronald Reagan).

The excerpt above is from an article titled, "Welcome to the United States of Iceland."

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