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View Diary: Der Spiegel:The American abyss...over which party can blame the other one for a national bankruptcy! (73 comments)

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  •  kovie - The second crash is coming! (7+ / 0-)

    I do appreciate the sentiment of your post.
    To be clear the intent of the diary is to point to the fact that the power of the banks in a $2 trillion election is not to be underestimated, as it rivals the power of the nation state and the one person, one vote paradigm. Clearly European headlines such as in the example of the Spiegel, point to the fact that the 08 crash is repeating itself by incentivizing the same bad behavior on Wall St with the same lack of regulation.

    To which I would point out, this is exactly what the European media did before the 08 crash, wherein John McCain 3 days before the 08 crash was reported, stated the fundamentals of the economy were sound. Clearly the people who believed that were not sound of mind then, nor are they sound of mind today.

    Common sense regulation on Wall St and a media prepared to tell the truth is what America lacks. To think otherwise is to live in a comfortable place called denial. That is the premise of the diary with headlines from multiple articles to support that premise.

    sig...You just ran into a hardcore progressive who's just another working stiff with an MBA degree & therefore a vociferous labor union supporter [smile]

    by Democrats Ramshield on Sat Nov 17, 2012 at 06:09:46 AM PST

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