Bankers Don't Learn

Paul Krugman has an excellent column in NYTimes on bankers behaving as if the last year had not taught them anything about wild speculation, deregulation, and financial  crisis.   They are strenuously opposing new regulations to keep the same from happening again:

http://www.nytimes.com/2009/12/14/opinion/14krugman.html?_r=1

In explanation, he quotes Upton Sinclair as saying,

“It is difficult to get a man to understand something when his salary depends on his not understanding it.” 

That also helps to explain the increasing number of Americans who report they don't believe global warming is for real.