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Outrageous Outrage of the Day, Starring Danny Glover

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Bagua1/15/2010 1:24:36 pm PST

re: #136 theliel

Other people who ‘predicted’ the housing bubble/economic collapse…
Calculated risk, barry ritholtz (the big picture), Tanta (RIP), prof. roubini(sp)…lots of people saw it coming.

the SEC, congress (let’s repeal glass-stegal! that’s a genious idea!), the fed and various other regulatory agencies all got together (at the urging of the executive and legislative branches) to let that clusterfuck happen.

That is a very partial and partisan summary. While those were factors, they were not the only or even the major factors. Nor did the various agencies collude to let this happen, rather, they failed to cooperate and coordinate which contributed to the disaster.