Wednesday, January 26, 2011

from FB:


‎(ron) No, it wasn't people taking out mortgages they couldn't afford - as if we are supposed to rely on keeping the economy stable by hoping people don't apply for more loan than they can afford. It was - surprise! - not regulating derivatives, erratic responses by the Bush admin, and regulators ignoring the evidence right in front of their eyes.


Financial Crisis Was Avoidable, Inquiry Concludes

www.nytimes.com

A Congressional inquiry said bankers and regulators could have seen the 2008 crisis coming and stopped it.


me- NOW can we STOP blaming ourselves( lower and middle income) and put the blame where it belongs and stop letting the massively wealthy few (and mostly republican leaders) divide us??!!





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