I checked with my chief economic adviser, aka #1 son, before I posted these. Here's what he had to say:
She's a plain-spoken populist with her heart, and her eyes, in the right place. She may or may not understand the contractual intricacies of CDO tranches and credit default swaps on mortgage backed securities; nothing she said indicated either detailed familiarity or embarrassing ignorance of what is technically going on. But she obviously understands the political heart of the matter: a bunch of greedy rich bastards fought for the freedom to make increasingly risky bets and then ran home to the Treasury to socialize their losses when the bubble burst. I'd say go for it.
So I did.
