by Pam Martens and Russ Martens
Wall Street on Parade
Paul Krugman, the New York Times columnist who won the 2008 Nobel Memorial Prize in Economic Sciences, is back to pedaling his Big Lie that Wall Street banks were not responsible for the financial crash of 2008 or the ensuing housing crash. This time he’s told such a doozie of a lie that there is no longer any doubt that he’s on a mission to restore Wall Street’s credibility, even if he has to rewrite the history of the financial crash and every official report that’s been published on it.
The latest Big Lie from Krugman appeared in yesterday’s print edition but first appeared in the digital edition on Monday under a different headline, “Have Zombies Eaten Bloomberg’s and Buttigieg’s Brains?” In a very clever sleight of hand, Krugman is complaining, correctly so, about the fact that presidential candidate Michael Bloomberg has adopted a right-wing mantra in attempting to place the blame for the housing bust, that accompanied the Wall Street collapse, on liberals who “caused the crisis by forcing poor innocent bankers to lend money to people of color….” (Krugman’s complaint about Buttigieg is that he’s too obsessed with the $23 trillion national debt – a significant part of which, of course, resulted from attempting to recover from the Wall Street collapse.)