but the strangest and most fascinating thing is the banks that and ron did business with, bear stearns garcetti group did not think of business model was strange at all. could we have averted the crisis by doing something different with bear stearns by bailing l. lehman brothers the last time to do anything was enron but after that the regulations had eroded and they were not subject too any reasonable discipline because they knew the market to supplement economic catastrophe and that is how we get 22008 when the markets finally did correct their excesses but they could not do so without creating another great depression and that is how we got then nationalization of all risk in the financial industry, the opposite of market discipline and finance is not a freer market as we have seen seen, nationalization of one of the most important elements of the economy, who decides which businesses get investment capital and on what terms. it is fashionable to say the crisis has been a black swan, something we could not have anticipated but the real blacks one is with we had gotten rid of every prudent re