Article: Whiz Kids, Wall Street Division

The death of Robert McNamara has confronted the architects of another massive national catastrophe with a challenge: Will they, like McNamara in his post-Vietnam agony, acknowledge their failings and confess the error of their ways? Will they come up with a list, as McNamara did, of what to do differently next time?

There has already been speculation aplenty about whether Donald Rumsfeld will ever reassess his performance in the Iraq war. But I'm not thinking about Rumsfeld or the other men who brought us the war in Iraq. I have in mind the architects -- every bit as cerebral and self-certain as McNamara -- of the financial world that imploded last year. The real latter-day McNamara may ...

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