As we take stock of our economy, the outlook is dire. Rather than the mortgage crisis being almost played-out, the long term effects are now being felt by some of America's most legendary and prestigious financial institutions. The consensus from the White House seems to be slanted and we're protecting the huge bloc of high-profile investors and CEO's rather than the people - and loss is being transferred to the public sector, interesting when you understand that when these entities were highly profitable, none of their profits found their way into the public domain. Now, we are to believe it is the taxpayer who should foot the bill of bad decisions and almost a total lack of Federal Oversight - which is the culprit for our current economic crisis, among several other of their (Bush administration) equally bad financial decisions throughout our economic landscape.
Alan Greenspan, pulling no punches, stated:
Greenspan: Economy in 'once-in-a-century' crisis
