After being pilloried for my prior post on this subject, I was pleasantly suprised to read that Michael Lewis,whom I was pointing to, is actually writing very similar things right now, just as I rather predicted he would. Of course, he gets paid for his writing so does a better job. And I am mindful of Samuel Johnson's comment that "no man but a blockhead ever wrote except for money." The point to be made is that people, character, and culture mattered a great deal in what happened on Wall Street. Reductionism - blaming it all on Fannie Mae and Freddie Mac (McCain) or on deregulation (Obama) - is dangerous. I hope Geithner and Volcker know not just what they are dealing with, but who.