What I did last night: Watched "Inside Job," the stunning documentary on the financial meltdown and how it could have been avoided. It's about how the little guys took most of the licks. Buy it. Rent it. Borrow it. Something. Watch it. It will make you cry. It will make you scream. It will make you furious. It's the feel-bad hit of the year. There are more villains than you can count. For sheer oiliness and sanctimony, it's hard, however, to top former Bush administration hack, Glenn Hubbard, now back in academia educating another generation of confidence men and women.
As luck had it, I watched this the same day I read another great Joe Nocera column. He lamented the failure to bring any of the big corporate swindlers to justice while telling the story of one person who DID get nailed for mortgage fraud. A poor chump who took out a mortgage for more than his house was worth. Good read of the day.