And here’s an article in the American Prospect [to be read in full] from a year ago which accurately predicts the current crisis, and lays the blame on deregulation, particularly the repeal of the New Deal’s Glass-Steagall Act [by former Texas Senator, Phil Gramm, now McCain’s financial Adviser]:
The sub-prime mess, the huge risks taken by hedge funds, and the conflicts of interest that led to Enron are all the consequences of serial bouts of financial deregulation. Will we reverse field in time to prevent another 1929?
Robert Kuttner | September 24, 2007
Just a quick comment about Palin and her troopergate lie machine saying that they fired Monegan because he was a rogue top cop going to DC without permission. The govenor’s chief of staff had approved the trip according to some paper work ABC news has acquired. I think that the rightful attack on Palin’s lies may force McCain to drop her from the campaign and with the downplay to his Palin ratings now that people know more about her could have him replacing Palin with Romney and I don’t think we want that to happen with Romney’s so called economic expertise during the economic crisis right now.