Wednesday, October 21, 2009

What Caused America’s Economy to Crater?

If you watched the PBS show Frontline last night you saw the excellent episode entitled “The Warning.”

Utilizing very careful and honest journalism this show conclusively proves that the policy of deregulation as espoused by President Ronald Reagan, Federal Reserve Chairman Alan Greenspan, Timothy Geitner, Larry Summers, and Robert Rubin was responsible for the near destruction of the American economy. Note that some of these Wall Street deregulation-lunatics are still in positions of great power and influence even during the Obama administration.

Greenspan actually openly argued against governmental enforcement of laws and regulations prohibiting fraud. Absolute, total deregulation was the goal of these true-believer fanatics. The markets should be allowed to deal with all of this. Greenspan told the government regulators that they should do absolutely nothing about fraud. Honest!

This is a ground breaking piece of investigative journalism. To watch this entire show via the internet go to this link:

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