BUSINESS
03/18/2010 05:12 am ET Updated May 25, 2011

Krugman: Bankers Without A Clue, Financial Crisis Commission Testimony Showed 'Stunning Failure'

But the bankers' testimony showed a stunning failure, even now, to grasp the nature and extent of the current crisis. And that's important: It tells us that as Congress and the administration try to reform the financial system, they should ignore advice coming from the supposed wise men of Wall Street, who have no wisdom to offer.

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