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Wall Street Hustlers Built a $100 Trillion House of Cards and Stuck You with the

Started by NicholeW., October 22, 2008, 06:25:24 AM

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NicholeW.

October 22, 2008, 06:25:24 AM
Wall Street Hustlers Built a $100 Trillion House of Cards and Stuck You with the Fallout
By Joshua Holland, AlterNet. Posted October 22, 2008

Deregulation brought us hugely "leveraged" investments, and they brought us panicked markets and pain.

http://www.alternet.org/workplace/103830/?page=1

Debate over who is most to blame for the financial meltdown rages on against a backdrop of economic pain and anxiety that's unprecedented in the post-war era.

Robert Pollin, co-director of the Political Economy Research Institute at the University of Massachusetts, told me recently, "It is time to recognize that unregulated financial markets always have, and always will, cause financial crises. There are no historical exceptions to this observation at all. This point has to be grasped."
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