I envision it like a house of cards. The U.S. has had a relatively stable economy that other countries bought into. The worst er crap was when the Countrywide bad loans were being packaged together based on a falsely inflated house value. Those loans were bought by Co. A. Co. A sold to B and then C and then purchased by Country X. As Americans began defaulting on the loans, the House of Cards, she began to fall. I would like to know why the loans keep getting sold. You made the loan, you keep it!
Unlike some, this Democrat strongly believes in more governance over these Wall Street bastards who I betcha are Republicans! (oh I'm kidding, calm down.) Corporate America went through all the BS with Sarbanes-Oxley and the Wall Street idjuts don't even fall under S-O!
What I'd like to know is what the hell Chris Cox (SEC) has been doing for the last month besides sitting around on his thumb?!? The SEC is supposed to be watching Wall Street and he's just sitting around chilling! :eek: