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WMD's Found

Columnist [in the NY Times] and author Thomas Friedman isn't one of MPS's favourites. His inconsistency on many topics, especially on invading Iraq, are well known.

That said, on a day when the US Government has again raced to the rescue of another major corporation - this time, Citigroup - and Obama has announced his economic team, Friedman writes in his weekly NY Times column:

"As one banker remarked to me: “We finally found the W.M.D.” They were buried in our own backyard — subprime mortgages and all the derivatives attached to them".

Friedman's piece, in full here, is worth reading.

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