Krugman nickel tale on financial crisis a nickel short on info

Yes, Krugman’s right that financial institutions did an end run around much of post-Depression economic regulation.

BUT, he fails to mention — willfully fails to mention, I’m sure, because Krugman isn’t an idiot — that it was a bipartisan Congressional and Presidential decision to extremely help out with this, above all through things like Gramm-Leach-Bliley overturning Glass-Steagall.

He’s being disingenuous.

He’s being I don’t know what, then, with his butt-kissing praise of Big Ben Bernanke, the Worst Fed Head Since Greenspan™:

I believe we’ve been lucky to have Ben Bernanke as Federal Reserve chairman during these trying times. He may lack Mr. Greenspan’s talent for impersonating the Wizard of Oz, but he’s an economist who has thought long and hard about both the Great Depression and Japan’s lost decade in the 1990s, and he understands what’s at stake.

So, kids, the lesson is, that while Paul Krugman can be a good liberal in many ways, at end point, he’s a good Democrat first.