[sugarpop]

Originally Posted by classicman

This is a very interesting article.

Chomsky: Understanding the Crisis — Markets, the State and Hypocrisy


So Rubin gets the law changed and then went into the sector to benefit from it. . . nice.

I love Noam Chomsky. Paul Krugman also saw it coming. He wrote a book about it back in 1999.

I posted links a couple of weeks ago about how the repeal of Glass-Steagal caused the housing crisis. And we can't just focus on bailing out banks, which I don't think we should do anyway, but we also have to get strong regulations and oversight back into place.

Did you see the Congress questioning all the bank CEOs the other day? Even most of them agreed they need regulating. HA! Now they admit it...