William Black speaks bluntly about what should be criminal acts of the government and Lehman. He talks about the pathetic staffing of federal regulators, that don’t constitute excuses (as some are now claiming), but admissions. These plain and undeniable facts should be on the front page of every newspaper. Our government caved to the pressure of the entities being regulated and crippled its own investigative team.

We need to hear a lot more rhetoric of this clarity and tone.