What happens when the country falls deeper and deeper into recession and some executives just don’t get it? As job losses continue to mount and executive bonuses come under fire John Thain seems to think he is above the fray.

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Speaking to the issue of regulators and the crash of Wall Street, “They just haven’t done a particularly good job,” said James Barth, a senior finance fellow at the Milken Institute, a nonpartisan research group based in Los Angeles. The same can be said for the entire Bush administration.

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