Zombies, Hedge Funds and The Goddess of Debt Reduction

Did you know the term "zombie bank" may date back to 1987, when it was used in connection with the S&L crisis? Do you agree with Naill Ferguson that "human psychology and the failure of most educational institutions to teach financial history" should be blamed for the credit crunch and Great Recession? Does Suze Orman look glamorous reclining by the sea at her Florida home?

As regular readers of the Sunday NYT already know, all these matters and more are covered in what normally might have been the Money Issue of the NYT Sunday Magazine. In the spirit of the times, this year it's called the Debt Issue.

Do you agree with Ferguson that pension funds were lucky to be able to start investing in hedge funds? How about private equity?