Posted On: October 14, 2008, 10:08 am CDT

Posted By: Donna

It was the Clinton administration and his democractic congress that removed the regulations enacted after the last depression to prevent just such a market catastrophe. They deregulated and look what happens and to top it off there's the unregulated CDS ... or are the regulations that the dems removed include the CDS biz? In any event - we can thank short sighted, greedy politicians, corporate execs and shareholders for ignoring all the warning signs in favor of short term 'instant gratification'. I really think that all the politicians in Washington have been there too long and have lost touch with the real world and it's time for America to replace them all - Republicans and Democrats alike - they've forgotten who pays them and that they s/be thinking about what's right for America as a whole BEFORE there's a catastrophe. And not just 'how do I protect my job'. No one we send to Washington ever leaves office a middle class American - they all seem to leave richer - much richer - than they went in and get a fabulous pension paid for by us for the rest of their lives. Not to mention the best health care plan on the planet - also paid for by us.