Low blow

CIA Hiring Failed Wall Street Analysts

by Dollars and Sense

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According to the Wall Street Journal, the CIA is recruiting out of work financial analysts from Wall Street.

Why would they seek out the financial expertise of the people most directly responsible for the global economic meltdown?

The CIA now produces a daily Economic Intelligence Brief for President Barack Obama, chronicling economic, political, and leadership developments that could impact the world economic order.

Describing the importance of the new briefing, CIA Director Leon Panetta told reporters in February that its purpose was “to make sure that we aren’t surprised by “the implications of the world-wide economic crisis and what happens with countries throughout the world as a result of that.”

We can only hope that this explanation is only a cover for their real mission: covertly placing Wall Street's failed finest in charge of the financial and economic sectors of our worst enemies.

--d.f.

via dollarsandsense.org

I'm fairly certain that it wasn't the analysts truly at fault -- I wouldn't assign the blame for the financial crisis to them. I'd assign more of it to their supervisors and managers who were most likely the ones guiding the analysis, choosing methods, ignoring problematic results, and setting policy. Blame them for choosing the wrong industry for, potentially, the wrong reasons; don't blame them for blowing that shit up. They're probably guilty of being "yes" men and women, but they weren't setting the course.

(HT to Daniela.)

Posted via web from Aught he has to know it with.