fahrender

Bust, Bail, Repeat: The U.S. Enters into an Ever-Worsening Cycle

So I read here that the American people are just as much at fault as the politicians and financial wheelers and dealers. What a sick joke. Congressional flim flam artists such Phil Gramm managed to get regulations tossed that paved the way for this mess.
Wall Street saw a window of opportunity and was perfectly willing to pile on and then drive off with truck loads of money. The hyenas in the "loan industry" enticed the gullible public in to signing on the dotted line and Alan Greenspan piously blessed the whole travesty. Now that he's comfortably behind the theater curtain along with those former CEO's and their golden parachutes Greenspan can take a different perspective, evidently imagining that no one will remember the part he played in letting any semblance of financial stability crash to the ground.
The general public, the average person, will rarely fail to be gullible in the kind of atmosphere that prevailed over the past ten years. When there is no sensible regulatory framework in place and virtually nobody in a position of responsibility publicly questions what is going on how are they to know? Why do you think this kind of thing happens again and again?
The unfettered "free market" has once again lead us to disaster because Congress repealed laws and shredded regulations which would have prevented this farce. Yes, they're to blame, along with all of the corporate owned K Street prostitutes that beguilingly turn their heads.
As for Larry Kudlow and his sophomoric cheerleading, he symbolizes the dismal mess. What a maroon.