Comments on: What Can They Agree On?

By: G.A.Phillips

G.A.Phillips — Mon, 13 Oct 2008 13:13:36 +0000

The problem here is the liberals who created this mess and their wimpy Euro-allies who exacerbated it.

The more liberals you have, the more problems you have.

yup.

By: Triumph

Triumph — Mon, 13 Oct 2008 00:01:14 +0000

The problem here is the liberals who created this mess and their wimpy Euro-allies who exacerbated it.

The more liberals you have, the more problems you have.

By: Web Smith

Web Smith — Sun, 12 Oct 2008 21:43:52 +0000

Will it be a surprise when these bankers agree on the idea that the taxpayers need to give the banks more money? If you're going to pass money out, it should be passed out to the population. Then the banks will prosper once more as they strive to get it. You have the power to change this.

By: Jorge Gajardo

Jorge Gajardo — Sun, 12 Oct 2008 19:57:42 +0000

I agree with some things,but I think that economy is to full human needs but to all mens not only USA people.How many money has wasted USA governments in no sense wars.Vietnam an Irak are only two.In Vietnam never was clear the real reasons of USA envolvement at least tthe economical reason.Save a poor country of the hand of comunism? Result more a hundred thousand americans young people death,money wasted in weapons abandoned or ruined.But make also the econmics looses of a poor country desvasted including human capital and natural ressouces by a decade of conflict.Irak is more irrational.No masive weapons founded,no terrorism erradicated.The cost the same not only to USA takpayer also to irakian.
In the Wall Street crisis is not only banks and financial institution in question is the political
who runs the economies.On back of hidden curtains are also men playing the comedy.The real reason of debacle is lack of democracy of market economy when this decitions are taken by tiny group of people who control the economic power of a nation
taking in private meeting
very unethical economic resolution an impose to rest of society with the argument of complrxity of economy science.The money barons dont go to ruin if you mind economic ruins as a a poor in a third world country with can not have food an basis health care and even water.The economies of a half dollar by day income.
These are the real roots of the problem.Now all world is nervous thinking were are the solutions of economical dificulties.But are noy a easy way to solve the present situation because the principe of the end is a turn on ethic basis of economy not only in USA.And this is a hard work because all mankind must to share the wealth of world and a solidarian economy must be the future economy.You cannot solve actual dificulties with theoretical basis formulated 200 years ago.The times changes.
basis some 200 years old.

By: Anthony

Anthony — Sun, 12 Oct 2008 17:25:23 +0000

Speaking as a Brit, there's a certain amount of blame cast at the US simply on the basis that "when the US sneezes, we catch a cold". But I don't think that's anything like the whole story. There's a general recognition that we didn't have our own house in order. Also, as one of the other commenters notes, correctly, an awful lot of the focus is now on the EU. If anything, I think the US has lapsed into something of a second order concern among the British public at large. I suppose there may be hordes of people in France and Germany blaming it all on the US, but I rather suspect not. There's lots of blame to go round.

By: Michael

Michael — Sun, 12 Oct 2008 17:00:48 +0000

Perhaps it’s my paranoia and xenophobia speaking but I can’t help but wondering if the world consensus isn’t that it’s the U. S.’s fault and that we should do something to get the entire world out of the fix that it finds itself in.

Sounds good to me, let's nationalize France.

By: Alex Knapp

Alex Knapp — Sun, 12 Oct 2008 16:55:56 +0000

Fannie and Freddie aren't entirely to blame for this. Not even close. They weren't the ones leveraging the securities. They were just handing out shaky mortgages--as were a ton of other banks. Placing the blame solely on Fannie and Freddie is to miss huge chunks of the problem. If Fannie and Freddie didn't exist, there still would have been bad loans, there still would have been a housing bubble, there still would have been over-leveraged securities, and we'd still be in this mess. Just perhaps to a different degree.

By: Brett

Brett — Sun, 12 Oct 2008 16:54:08 +0000

I don't think so, Dave - at least not anymore. Most of the ire has been reserved by EU members for other EU members about this, particularly in the case of Gordon Brown.

By: Steve Plunk

Steve Plunk — Sun, 12 Oct 2008 16:39:02 +0000

It was more than greed that got us here, it was misguided government policies and rotten government personnel appointments.

Greed is manageable but intellectual corruption of government is a force we have yet to master. This is a bit like the theory of the commons. When the mortgage market became dominated by Fannie and Freddie no one saw any reason to exercise restraint and plan for the future. The government would reign things in when the time was right they thought. But the government ended up being the most irrational player of all and ruined it for everyone.

Perhaps the foreign powers have some questions for our government and why they failed to act responsibly. We all knew this was coming yet no one acted. If I was a European leader that's what I would ask.