Quote:
Originally Posted by detbuch
I didn't mention socialism here. I asked if government might not be at "the root of the problem." Your response is that in the past "government didn't allow commercial, investment banks and insurance houses to mingle." And then, in a bi-partisan move, government DID allow it. (BTW, Joe Biden voted for Gramm-Leach-Blilely.) Government didn't allow, Government did allow, Government regulated, Government didn't regulate . . . Government, Government, Government. And your description of the mess is that it is too obfuscated to tell a bad loan from a good. That there is no chicken or egg dispute. That everybody is to blame.
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The point is, all along, that there is plenty of blame and you can't take one element out of context and try to find fault.
Ultimately it's a systems problem.
-spence