Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Thank you for the posting. It is a valuable macro view of the economic dilemma. If you would like a micro view of a significant part of the dilemma; please go to the following link. It is CBS Marketwatch columnist Herb Greenberg's interview with a California mortgage broker who who says sub prime is just part of the mortgage real estate fiasco. The column is from Dec. 2007.

Link: http://blogs.marketwatch.com/greenberg/2007/12/straight-talk-on-the-mortgage-mess-from-an-insider/

Also here is the link to Wikipedia of Wendy Gramm, former Sen. Phil Gramm's wife. What a piece of work she is. They make a wonderful team for deregulation.

You would think McCain, even if for only perception, would stay as far away as possible to Gramm and his kind. It tells me McCain and others like him live in another world and have allowed themselves to be brainwashed of a philosiophy which takes precedent in their minds over any realistic facts which may be contrary to what they believe. Gee, sound like George Bush, all over again.

by An American in London on Tue Apr 8th, 2008 at 01:29:15 PM EST

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