12/02/2009 05:12 am ET Updated May 25, 2011

Steven Pearlstein: "The Economic System No Longer Works For The Majority Of Americans"

This week I attended the Washington premiere of Michael Moore's "Capitalism: A Love Story." It was my first trip ever down the red carpet, and I was a bit disappointed that "Entertainment Tonight" wasn't there to comment on my wardrobe (black jacket over open-collared tattersall shirt) or get my reaction to the film ("Entertaining propaganda -- * *.") But, hey, it's not every day you get to watch a documentary about the housing crisis and Wall Street greed while sitting across the aisle from Frank Raines, the ousted chairman of Fannie Mae. Frank didn't stick around for the big after-party. Neither did I.