No kidding. Blatant drug abuse + lax management = mortgage crisis. Ok, there's more to the equation than that, but still...
As Washington Mutual made subprime loans that contributed to scores of foreclosures, the head of its mortgage division was openly using methamphetamines. And the Office of Thrift Supervision, which was supposed to be regulating WaMu, is now stronger than ever, thanks to allies in the insurance industry. Meth meets mortgage crisis here.
And if you missed Rod Blagojevich's surreal press conference this afternoon, check it out here -- video and commentary.