It was interesting seeing Herbert Hoover talk about the economy today and how the "fundamentals are strong". Oh wait...Hoover died years ago, I guess that was John McCain. Maybe if he's elected we'll start calling hovels for people who lost their job and can't afford housing or anything else McCainvilles.
As several newspapers put it, this is the culmination of 28 years of Republican led deregulation. When taken out of a regulatory framework these fat cats chase easy fast money with no real consideration of the long term repercussions. They made a few extra billion in the housing bubble, and now their 50 billion dollar corporations are going flat broke, I can't say that I feel bad for the traders that made it happen, but it sucks that deregulation let them take the rest of us with them.
PSN ID: ChosenOne feel free to add me
