The Wrong Lesson Was Taken From the Financial Crisis

"The right lesson should have been, don't do this. Not, if we do this, the fedll bail us out," he says. "There weren't a lot of people in o seven saying, hey, you can't speculate endlessly with a lot of leverage and other people's money." 'It's the first time i was ever laughed at on t v by accident,' writes David Frum.