Q: Was this part of a GOP plan to change our nation ? I know they want the government to own all the business or maybe it's business own the government. The collapse of the dozens of banks a part of the "Regean" economic plan ? The government is putting all the tax dollars into failing corporations. Why do we need to guarantee their profit ? jgsf_y, I remember the events well. this is clearly history repeating itself from failure to note the lessons from before. The aftermath with the rise in interest rates and lack of credit really hurt American growth for a while.
A: How about a capitalist country, more and more. All the work of greed and individualism!! Maybe if the government was in charge of the banks and financial markets we wouldn't be in this mess. Maybe if the government had already been in charge of Fannie Mae and Freddie Mac and other mortgage lending institutions, we wouldn't have had this sub-prime mortgage crisis. Maybe if the government actually ran the government and not Wall Street, we as a nation would be better off. Read up and study socialism. There are upsides as well as downsides.