Here we are, in the non-regulated bank economy which we were gifted with when Phil Gramm was in Congress (and before he left to be a big-time bank lobbyist… and financial advisor to McCain) that has left us with a 500 point drop in the Dow today, with Lehman Brothers going belly-up and with Bank of America swallowing Merrill Lynch.
There’s a summary of the whole works on Olbermann with a commentary about halfway in by Paul Krugman. Just go to
http://www.msnbc.msn.com/id/21134540/vp/26727827#26727827 to view it.
Note… without the Republicans over the last decade or so, we would never be in the worse mess since the era of Herbert Hoover (who McCain seems to imitate) and the start of the Great Depression. Right now we seem to be up the creek, an Obama may be the last available paddle.
