#Krugman gets it wrong again on the banksters
The only question is whether we’re going to regulate bankers so that they don’t abuse the privilege of government backing. And it’s that regulation — not future bailouts — that reform opponents are trying to block.
There's at least one other question:
This is a question Krugman seems unable to address. By his silence, he indicates quite precisely the bounds of acceptable discourse on what passes for the left in Versailles. But what kind of regulatory regime can succeed, if criminals are allowed to go free?
NOTE Yves is doing great work on Geithner, AIG, and Lehman. Follow it.