[quote=Allan from Fallbrook] So Greenspan presided over nearly two decades of feckless and reckless monetary policy and the pols not only loosened the regulatory leash, they threw it away completely.[/quote]
You are correct, and the Feds continue to do so even now. In fact, current spending is so far beyond control that the only way to solve the debt problem in future years will be to devalue the dollar, raise taxes, and cut entitlement programs. Of course, this will cause inflation, and put a real drag on the economy….but what do the banks care ? They’ve got an unlimited supply of bailout money as long as Obama is in office.
