But they believed in the Bush plan... now, apparently the Obama legacy. It's not so much the deflection of blame, more the wholesale failure to admit it had anything to do with their politicians' mad rush to give the financial market 'free rein', as if there was NEVER a reason for regulation in the first place...

You can remember the 70's? Bully for you.. Shame you don't remember the 20's as well. Financial institutions have no vested interest in the health of the country as a whole. The are international, shadowy entities that profit, and profit alone drive. If you can make money at the expense of any country's economy, you do it. Only governments have the power to rein them in. Once a government abrogates that responsibility, it's devil take the hindmost.

Tonight's CNBC program 'House of Cards' is another objective look at the collapse. And once again, just like 'The Ascent of Money', the blame for what happened gets placed firmly in the laps of greedy Wall St. traders, dumb (or deliberately misled) buyers, and the 'asleep at the wheel' SEC and government entities that were run by the wolves they were supposed to guard against, NOT Democratic politicians or policies. This debacle happened squarely on the watch of the Republican party, and anyone that thinks their mantra of tax cuts and deregulation, after precipitating this crisis, is going to solve it as well is in the grip of a religious fervor...

Insanity is the expectation of a different result, despite trying the same thing over and over...