Saturday, May 1, 2010

The Financial Bill

One question asked of candidates at the Republican debate last night was about the financial bill. They were asked if "this was a dog and pony show".

I think it was more than a "dog and pony show". It was an attempt to blame the financial industry for something that the congress encouraged and actually started.

Along with the Federal Reserve, Congress was responsible for this entire financial collapse. Of course, the financial industry participated. Congress forced them into making bad loans. They looked for a way to protect themselves. They found it to be very profitable. So they promoted it.

We cannot let the Fed and Congress get away with what they did by blaming others.

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