All Fall Down

By THOMAS L. FRIEDMAN
Published November 25, 2008

I spent Sunday afternoon brooding over a great piece of Times reporting by Eric Dash and Julie Creswell about Citigroup. Maybe brooding isn’t the right word. The front-page article, entitled “Citigroup Pays for a Rush to Risk,” actually left me totally disgusted.

Why? Because in searing detail it exposed — using Citigroup as Exhibit A — how some of our country’s best-paid bankers were overrated dopes who had no idea what they were selling, or greedy cynics who did know and turned a blind eye. But it wasn’t only the bankers. This financial meltdown involved a broad national breakdown in personal responsibility, government regulation and financial ethics.

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Other items of interest:

Read the Wired article on Hot, Flat, and Crowded.
Read "The First Law of Petropolitics" from Foreign Policy (May/June 2006)
Visit "Tom's Journal" on The NewsHour with Jim Lehrer
Listen to Tom interviewed by Nayan Chanda for YaleGlobal, 30 January 2003.
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Ideas from Chapter 18:

Anonymous wrote "It is "national strategies"..." in The Great Disruption Monday, 05:34 pm
Tom Webb MD wrote "I have just finished reading..." in The Great Disruption Sunday, 04:59 pm
Anonymous wrote "The answer is not to wait..." in The Great Disruption Wednesday, 08:49 am
George Taylor wrote "The Three Ways Out Any..." in The Great Disruption Wednesday, 04:06 am

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