[quote=StinkingWaters]i]


Dave for a guy who claims to be non-partisan your last couple of posts sure appear to be so. Besides the obvious moral hazards of cheerleading for Corporatism do you really believe that it was George W. Bush who was the ultimate mastermind in "engineering" the crisis in the first place?????



I don’t think I ever claimed to be nonpartisan, but I do criticize both parties. No doubt my sympathies are more left than right, but I can see the warts on both parties, and love poking fun at those who have on blinders and can see no wrong with their party. If you read my column you would know I took Clinton to task many times. I also am far from a total Obama cheerleader. i.e. his administration’s recent push to barge Columbia River salmon is just wrong.

As for your question of did Bush engineer the collapse? Well, no, not if you mean did he personally have a hand in it. But it DID happen on his watch. Where else would you have the buck stop?

I was a bank examiner at one time and can tell you the crap that was allowed under Bush would not have been tolerated under Nixon. When I was a trust examiner we had five men covering five states. Today there is only one.

I place a lot of the blame on bankers like the head of Wa Mu who knowingly kept writing risky loan even after it was clear they were in big trouble. Of course he was only paid $125 million for his last year of "service"

I believe we need much more Teddy Roosevelt style oversight and regulation of the banks. After this fiasco who could believe otherwise?

BTW I made no effort to leave out anything. I posted the first few sentences of an article and provided a link to let anyone interested see the entire article.