The viewpoint 'the CEOs must have known, lock 'em up and throw away the key,' looks to me like magical thinking. Given the available data we have about what happened, I can't imagine a way to justify that viewpoint with logic that holds together better than the Underpants Gnomes. It doesn't look like it makes any more sense than the argument 'it's all the fault of the deadbeat poor people who borrowed money they couldn't pay back!'
But I know that people who hold that point of view think they have reasonable reasons for holding it. And I'd rather ask them what those reasons are instead of imputing a rationale for their view.
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Date: 2011-03-02 06:47 pm (UTC)But I know that people who hold that point of view think they have reasonable reasons for holding it. And I'd rather ask them what those reasons are instead of imputing a rationale for their view.