Quote Originally Posted by jaydisc View Post
Less Fox and less networks Bread. Stick to ABC, SBS, or at the very least, just avoid the MSM.

Tougher regulation could have avoided much of this. Regulation McCain has abolished and Obama (and Democrats) have supported.
What amazes me though is that as much as this has to do with the irresponsibility of prudential regulations in the US, the government itself was to blame. There was a lot of pressure from the government on lenders to make out these subprime mortgages to help give Americans who could not otherwise afford a loan to get credit. So they were in fact pressured by the US government to an extent to try and keep the "good" times rolling. This is a problem that's not just greed from the financial institutions but the self-serving interests of politicians as well.

And while it did bring them some short term relief in the form of happier economic times, it's come back to bite them right up the rear. But I guess the world for a long time has been not just about companies but governments as well.