A Tsunami of Excuses


By WILLIAM D. COHAN
Published: March 11, 2009
New York Times



IT’S been a year since Bear Stearns collapsed, kicking off Wall Street’s meltdown, and it’s more than time to debunk the myths that many Wall Street executives have perpetrated about what has happened and why. These tall tales — which tend to take the form of how their firms were the “victimsâ€