I have a cursory understanding of CDS’s, and it seems to me that liberals tend to blame these as the reason we’re currently in the economic crisis we’re in.
I kind of view CDS’s as a nuclear reactor. Absolutely, nuclear reactors need some regulation and oversight, so I agree on the liberals on that point. However, what I disagree with is that they are the cause of our current problem.
You cannot blame a nuclear reactor for a massive explosion if a couple of guys, say hypothetically named Dodd and Frank, carried 15 sticks of dynamite and stuffed it under the reactor and blew it up.
I think I would place the blame the two guys no matter how imperfect the reactor was in the first place.
Liberals always view government as the solution so naturally they will blame Wall St for the current economic mess
But in this case they are mostly right
The Feds helped make this mess and I blame them and Democrats about 30-40%
60-70% of the blame falls on Wall St
Wall St is not exactly full of capitalists.
Wall St is full of money grubbing money manipulators and asset shufflers and there is a difference