Flaimhshorts has nailed it...... "I thought this was a failure...

Flaimhshorts has nailed it......

"I thought this was a failure of the fractional banking system and OTC derivatives and government sanctioned markets for their well connected friends. I kind of thought government was the perpetrator. And how is it that governments that did not see this crisis coming now have all the answers?"

If the govt wants to control money flowing into the system and at what price, then fail to regulate or implement policies when it was evident it was getting out of control. What's going to happen???

Its going to eat itself out period! They were warned repeatedly from free market economists and politicians but failed to act because they too were caught up in the hype.

If we had a intellect at the top in the US, instead of a complete and utter clown then there may have been half a chance this disaster would have been averted.