This whole subprime mess is extremely frustrating. I can’t stand when people argue that the government shouldn’t regulate anything. This is the shit that happens when we do that. Of course, in the end, the government is forced to intervene anyway. To me the whole point of having a government is to do the things we can’t do for ourselves – i.e. help to protect us corporations that put profit over people.
So given this mess, here’s a look at our choices (collected from a few of the pieces floating around on the internet).
ABC News – Despite Claims Today He Warned of this Crisis, McCain in 2007 Said He Didn’t See This Crisis Coming
John McCain interviews by The Keen Sentinel
Barack Obama on CNN
Obama, Durbin propose federal mortgage reforms
Obama Urges Bernanke, Paulson to Fight Foreclosures, Hold Homeownership Summit
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2 Comments
nice job putting this contrast in context.
also, despite not being in the spotlight, Independent Presidential Candidate Ralph Nader as the longest and most thorough record on calling out this current financial crisis.
here is a blog post from Naders media coordinator that should be of interest.
http://www.votenader.org/blog/2008/09/18/a-case-of-mistaken-dentity-and-lessons-from-a-parrot/
We really aren’t looking deep enough into the root causes of the crisis. Yes, there is a lot of greed, and it comes from gaming the system. If you were playing a game and people were finding ready exploits, wouldn’t you think the rules were flawed? This is much deeper than transactional regulation.
Take a look at my analysis here:
http://www.gather.com/viewArticle.jsp?articleId=281474977449983