The Financial Markets

Okay, you’ve heard the news from both political candidates about our woeful financial crisis and there is cause for concern—i.e. a 200 Billion dollar bail-out for Fannie and Freddie; an 85 Billion bail-out for AIG, Barclays saves Lehman Brothers on the heels of former brokerage collapses on Wall Street. Who’s minding the store? The Democrats would say “no one.” All Bush appointees are clueless and didn’t see the train wreck coming; Republicans blame a democratic Congress who vetoed reforms to increase regulation on banks and lending institutions in 2005. Whoever is responsible isn’t owning up to it, and we, the tax payers are footing the bill to the tune of $2400 per tax payer.