By Dan Kervick
The 2008 financial crisis has been oozing slowly down the DC memory hole for some time now, as a series of destructive and economy-crushing budget battles has taken center stage in Washington. But the debate over outgoing Fed Chief Ben Bernanke’s successor has reignited a lot of the pain and outrage that the 2008 debacle caused. That debate, and the President’s obtuse support for Larry Summers, is also casting a very harsh light on the White House’s basic competence, its seemingly dim grasp of the causes of the financial collapse, and its blasé and corrupt attitudes toward the correct response to it.
