Only a Roosevelt-Scale Counterrevolution Can Prevent Great Depression
II

By Robert Kuttner, The American Prospect. Posted September 18, 2008.

Free-market extremists brought us this needless economic collapse.
Here's a rundown of the mistakes we've made and the reforms we need
now.

The current carnage on Wall Street, with dire spillover effects on
Main Street, is the result of a failed ideology -- the idea that
financial markets could regulate themselves. Serial deregulation fed
on itself. Deliberate repeal of regulations became entangled with
failure to carry out laws still on the books. Corruption mingled with
simple incompetence. And though the ideology was largely Republican,
it was abetted by Wall Street Democrats.

Why regulate?

Zaroc Stone wrote:

Wrong.

--
not too random uselessnet weirdness:

Bill Shatzer wrote:

"And over 4,000 Americans have paid with their lives for that little
adventure. Plus a half a trillion dollars in national treasure

You might compare that with the number of lives lost on 9-11. Or the
economic injury incurred from that event.

It would have been cheaper in both lives and money to just suffer
another 9-11 every six or seven years.

Peace and justice,"

Baxter blurts out a plaintive call for Viagra:

"At my age, I don't need balls. I'm done with the procreation stuff."