More curtains pulled back off Northeast Corridor financial shenanigans

I say Northeast Corridor because the bullshit of the last decade (extending back to Larry Summers' time as Slick Willie's frontman) couldn't have happened without Washington and Wall Street acting in tandem.

Basically, the current financial systemis deeply broken. Can it be fixed?

The same pair of authors have some suggested points, from letting big financial com panies fail in a structured fashion as necessary, through getting rid of the Moody's and Fitch's of the world, to tightening the regulatory screws - and the accountability screws - at the SEC.