The Huffington Post’s Shahien Nasiripour, a great financial reporter, has a good piece on a top executive at J.P. Morgan Chase trashing Sen. Carl Levin
“„From the perspective of economic literacy, last week’s [Levin's hearings] had to be, well, not memorable, or inmemorable (as infamous is to famous)… The hearings exposed an unnerving ignorance of fundamental principles of market economics by folks who have a hand in remapping rules of finance that will be with us for a while. Flip assertions about what is and is not socially valuable reflect a confusion about our market economy that is as fundamental as knowing that George Washington was the first president of the United States.