RealClearMarkets: You sat down recently with Wall Street legend Teddy Forstmann to discuss your new book, The Sellout, and the genesis of the mess we now find ourselves in. Forstmann said it all began as a “cold” back in the 1970s and 1980s, and that since no one ever learned much about that cold, or did anything to treat it, it developed into the “cancer” that rocked the market and economy last year. As you pointed out during your conversation, these guys have been bailed out several times before, and that the risk-taking grew-exponentially-each time as a result. So where…
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