The talking heads of investing are just as scatter shot as the talking heads of tech (ooops!).

This is probably as much as his audience will ever know about the details of the “crisis”, which is unfortunate.

Missing is an honest discussion of the wisdom of government forcing banks to make these bad loans in the first place. That started in the 70s, accelerated in th 90s and again a few years back.

I wonder why Stewart and his writers couldn’t work in all the clips of Barney Frank saying the system was working as it should and didn’t need to be investigated. Those are funny, even without surrounding commentary.

It’s also too bad we didn’t have YouTube back in the days when the Feds were on the verge of putting Chevy Chase bank (a Washington DC based bank not related to the comedian) out of business for not giving out enough low quality loans.

Of course at some point the only thing an ethical capitalist can do is refuse to do business in such an environment, for the alternative is ultimately to become the fall guy for legislative bungling.