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It was triggered by mortgage defaults which lit the fuse on the huge credit default swap explosion. This is bigger than Paulson, the Dems and the government. They're just trying to keep the lid on a powder keg.
The large, unregulated CDS market in which Wall St is/was immersed is now the issue and as you saw over the weekend and this morning, this has spread to Europe.
It amazes me that Freepers are still blathering on about opinion polls and what Obama said, etc, etc. The presidential race is a side show right now as far as solving this problem is concerned. By the time January comes around, whoever is elected will simply be raking through the ashes.
I am not discussing "blame" I am discussing the stupid bailout that Bush proposed and McCain voted for.
The American Spectator already reported that the entire Bailout is the Dem's October Surprise !
Bush proposed it and McCain voted for it.
Paulson staff are OBama operatives and Robert Novak wrote about this fact last spring !
Bush proposed it and McCain voted for it.
You are well documented McCain hater and this is just a chance to rant and persuade people to not Vote or whatever your latest scam is .
I love McCain and I love Bush, but they are both politically tone deaf and naive. The only candidate who has any political sense is Sarah Palin.
As usual you never see fault with the Dems or Obama ??
Never"? Talk about lies.