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Politics : Politics for Pros- moderated
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To: KLP who wrote (242306)3/16/2008 8:50:30 PM
From: Snowshoe  Read Replies (1) of 793917
 
The mortgage crisis should have been prevented by stronger oversight at various levels. Right now the government is frantically locking the barn doors after the horse has escaped.

But in a larger sense, it can be argued that the mortgage fiasco is just one aspect of a much larger problem: that the USA is a hubristic, decadent, overextended empire of debt and unfunded obligations. The implications of an imploding economy are pretty severe. It would sure increase the pressure to pull out of Iraq.
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