link here to article
This article and the next post (both via Manan Shukla) are about the financial crisis and attempt to explain why the behavior of the bankers was not criminal. This article offers praise for the article below which excused the behavior of bankers by claiming that stupidity and risk taking was at the root of the problem. One wonders how they earn such large incomes if they are simply stupid and irresponsible risk takers. Most of them would not like those descriptions on their resumes. They certainly aren't stupid, and they knew what they were doing when they used leverage to boost profits, as well as what they did to make detection less likely.
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