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  The New York Times Scapegoats Wall Street The New York Times is going after the financial industry with a vengeance. First came a Times news video headlined "Wall Street Regains Its Swagger." It featured Susanne Craig intoning, "Most of America is still digging out from the credit crisis triggered by Wall Street, which made billions of dollars of risky investments. Many of those trades were real estate-related, and they've since gone sour. As a result, thousands of Americans have lost their homes, and the unemployment rate is currently hovering around 10%." The New York Times on Europe A front-page news article in today's New York Times takes a look at Europe's sovereign debt woes and places the blame firmly on regulators, not bankers. From the article: "How European sovereign debt became the new subprime is a story with many culprits, including governments that borrowed beyond their means, regulators who permitted banks to treat the bonds as risk-free and investors who for too long did not make much of a distinction between the bonds of troubled economies like Greece and Italy and those issued by the rock-solid Germany." More: The New York Times on Europe A front-page news article in today's New York Times takes a look at Europe's sovereign debt woes and places the blame firmly on regulators, not bankers. From the article: "How European sovereign debt became the new subprime is a story with many culprits, including governments that borrowed beyond their means, regulators who permitted banks to treat the bonds as risk-free and investors who for too long did not make much of a distinction between the bonds of troubled economies like Greece and Italy and those issued by the rock-solid Germany." More: The New York Times Scapegoats Wall Street The New York Times is going after the financial industry with a vengeance. First came a Times news video headlined "Wall Street Regains Its Swagger." It featured Susanne Craig intoning, "Most of America is still digging out from the credit crisis triggered by Wall Street, which made billions of dollars of risky investments. Many of those trades were real estate-related, and they've since gone sour. As a result, thousands of Americans have lost their homes, and the unemployment rate is currently hovering around 10%."
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