Summary
"All the King's horses and all the King's men couldn't put Humpty together again." Federal intervention is likely unavoidable as the economic problems are largely the fault of the normal totally ineffective federal regulation. If the feds trusted the system to flush out it's own putrification, then the whole mess would be even more dramatic, but likely would be over far sooner, and the pain of loss would fall more squarely on those who made the bad investments and derserve the rewards of the risks that they chose. The government has clearly shown that it prefers to back the corporate giants rather than back the taxpayers. Too bad for us.
Analysis
1> Q: Who got us into this mess? A: Experts.
2> Q: Who was in charge of regulation to protect the public and
markets? A: The federal government.
3> Q: When has federal regulation ever really done whatever
it was meant to do? A: Never.
4> Q: What came first the: consumer demand, or the paycheck?
A: Demand is always there - fear, lack of cash, and lack
of "affordable credit" break that demand.
5> Q: What's different now? A: Fantasy is King. As we fall deeper
into economic trouble due to a lack of self sustaining jobs,
we will come to learn what real suffering means. What's
needed is low fixed home mortgage rates for all, and low
deductible credit card interest rates as well.
