Ann Coulter on the Roots of the Financial "Meltdown": "Former frat boys and pinko professors"
Alan Vanneman blogs a Human Events-related sales pitch from truthteller Ann Coulter:
"If you've been wondering why the financial industry has been in meltdown—and taking your 401(k) or investment portfolio down with it—now you know.
Let's face it: The former frat boys who populate Wall Street today understand economics about as well as the pinko professors whose courses they snored through.
That's why betting their entire industry on "subprime" loans to people with no jobs and no collateral made sense to them—and why betting the entire U.S. economy on the likes of Hillary and Obama makes sense to them now.
These jokers don't even know what's in their own self-interest, much less yours. Trusting them with your money is like trusting Bill Clinton to babysit your underage niece."
I'm not sure I understand, much less agree with, Coulter on financial markets, but is it wrong of me to want her to replace Ben Bernanke at the Fed?