The Observation Deck

"...we all thought we were taking risks, for big profits, but also thought someone would come in to bail us out if there was a problem."


Where is the risk?

Ok, what about the people that thought they were not taking risks by buying property and investing in their community?

Senator Dodd said, "We have privatized wealth and socialized debt."

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kevin phillips explains:

the finance industry unshackled itself from itself from the purpose of existing to facilitate manufacturing and production. the result is a temporary bloom in finance jobs for harvard grads, and the deterioration of most other sectors:

http://www.pbs.org/moyers/journal/09192008/profile.html

Free enterprise for the poor, socialism for the rich:

http://www.irishtimes.com/newspaper/opi ... tml?via=mr