Another "Inside Job" Revelation

Business news followers will already be familiar with much of the film's main turf. And, of course, we all now know Alan Greenspan's heinous role in the whole mess. Even close readers may be surprised, however, at some of Ferguson's revelations. I was particularly struck by the complicity of the academic world in providing the intellectual underpinnings for the theories that led us off a cliff (for example: "It's a good idea to deregulate derivatives!")--for money. Larry Summers, Harvard's Martin Feldstein, and Columbia'sGlenn Hubbard come across as particularly culpable.