"“How on Earth did we get into this mess in the first place?” The answer, plain and simple, is greed."
You forgot political corruption...
The roots of this mess have 3 names attached: Bill Clinton, Robert Reuben and PHill Gramm.
The repeal of the Glass Act in 1999 and ceremoniously signed by Clinton is where this started.
Wall Street purchased our Government which dutifully passed the laws to meet the demands of their owners.
If you want to understand the Glass Act and why it's repeal is at the root of this mess, do some research on the subject. By the time you're done, you understand that (D)Clinton and (R)Gramm sold us out to Wall Street.
There were plenty of opportunities to stop the madness, but the corruption of both parties runs too deep for common sense and the thought of our well being to take precedence.
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The "solutions" are coming from the people that caused the problem and amount to nothing more than making sure they get a refund on their loss.
The likely outcome will be a serious devaluation of the US dollar and a crushing wave of inflation through our economy and our worthless dollars struggle to buy everything that's imported.
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"“How on Earth did we get into this mess in the first place?” The answer, plain and simple, is greed."
Oct 15 09:55 am
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All Comments by John Pseudonym »How'd We Get Into This Mess? [View article]
You forgot political corruption...
The roots of this mess have 3 names attached: Bill Clinton, Robert Reuben and PHill Gramm.
The repeal of the Glass Act in 1999 and ceremoniously signed by Clinton is where this started.
Wall Street purchased our Government which dutifully passed the laws to meet the demands of their owners.
If you want to understand the Glass Act and why it's repeal is at the root of this mess, do some research on the subject. By the time you're done, you understand that (D)Clinton and (R)Gramm sold us out to Wall Street.
There were plenty of opportunities to stop the madness, but the corruption of both parties runs too deep for common sense and the thought of our well being to take precedence.
----------------------...
The "solutions" are coming from the people that caused the problem and amount to nothing more than making sure they get a refund on their loss.
The likely outcome will be a serious devaluation of the US dollar and a crushing wave of inflation through our economy and our worthless dollars struggle to buy everything that's imported.
This isn't going to end well folks...