SW: I have to admit I do not place you in the RWWJ category. You know your facts and do not seem complexly blinded by party politics. Like Hankster you are one who does more than C&P and parrot the party line.

I do however disagree with your last statement. Laissez faire has proven not to work. Just ask Allen Greenspan when he’s in a reflective mood.

When I was a bank examiner we would have forced the banks to immediately write off much of the bad paper that eventually crushed the system. We had the power and we used it, IMHO wisely.

I also agree that the credit crunch had many fathers, but much stronger federal oversight could have stopped a lot of this.

Now we have a recovery hampered by tight credit. I have a friend who has been in business for 30 years. His orders are suddenly recovering but he can’t fill all the orders because he does not have enough staff and he can’t hire more because he can’t get credit, in spite of the fact he has had a perfect credit record for many years.