"When millions of people default, the houses of finance can only take so much strain, before they collapse. The whole economy goes down the drain. Now, the Government (who can least afford it), has to provide a "bail out"? Why? The only thing the Government did which is fiscally unconscionable was get us into a costly, hopeless war, helping to create the deficit, but I don't blame Government for this financial collapse. And, it's not going to get better for a long time."

I agree with a lot of what you've said here, Eugene, but I balk at the word "only." I disagree that the "only" thing the gov't did which was fiscally unconscionable was to get us into that war. The gov't also played cat's cradle with interest rates, discouraging savings and stimulating "growth" in tough times, thus causing financial institutions to paw at dangled prey. Now we're seeing the beginning of the crop we've sown.

Herring405