Who’s to Blame: Washington or Wall Street?

the parable for greed goes something like this,(and i"m not to far off) Its harder for a rich man to recive GOD"s graces, than it is for a camel to pas thru the eye of a sewing needle

The politicians are not the ones in power people. It is the banks or i should say the Federal Reserve

This story really kills me. And you have a PRIVATELY owned bank like the Federal Reserve who cannot track or explain where 9 trillion dollars went?

Why hasn't ANYBODY audited the PRIVATELY owned Federal Reserve? They are owned privately just like Wells Fargo. Why was the Federal Reserve not in the stress test?

Where is the missing 9 TRILLION dollars?

http://therealnews.com/t/index.php?option=com_seyret&Itemid=91&task=videodirectlink&id=1389

Here is video of one senate meeting you wont find in the media because this information would cause hysteria.

I used to laugh at these black helicoptor people. I am not laughing anymore.

Do not blame any person or institution. It is the system that has gone wildly astray.

For instance, there have been indicators that mergers of oil companies seem to be on the move in this difficult time.

One of the causes of the current crisis has been in no small measure due to the maddening increase of mergers and buying of smaller companies by the bigger solvent cartels. And when these giants get too huge, they get nasty and out of control, likely to result in massive fraudulence and embezzlement.

State-owned firms are endowed with colossal sum of money. By having incessant acquisitions, they help to create monstrous monopolies. And that will be the curse of the poor.
(Tan Boon Tee)

The Fed and Politicians are all into these mess up together. They have been recklessly messing up the system since the abolition of 1970s Gold Standard.

The Fed and Polticians are all into these mess up together. They have been behaving recklessly since the abolition of Gold Standard in the 70s.

.........................Yes, Bush needs to get most of the blame, he was in the Oval Office for 8 years and looked the other way while the Wealthy Individuals and Big Corporations worked to plunder America...........Bush was an incompetent Right Winger and he will go down in history fight next to fellow Republicans Nixon and Herbert Hoover as major loosers!!

Blame the whole thing on Bush.

In a nation where the few who really rule must get some show of popular consent, a special class arises whose function it is - not to govern - but to secure the approval of the people for whatever policy may have been decided upon by that inevitable oligarchy which hides in the heart of every democratic state. We call this class of men politicians.

Here is how it works Idiots. Wall Street pays Lobbiest's to Bribe Washinton DC Politicians. Do you Idiots get it yet ???

The Corrupt Democrat and Republican Party's are Deep into the Job Exportation and Illegal Immigration Agenda to Ever Change. For Real Change ........ Political Death to the Globalist Republican Party and LIFE to the True Conservative (Constitution Party)

www.constitutionparty.org .

All of the commentators are confusing the government with big business when they have become one and the same. Just as corporations acquired outside of their core expertise so they have acquired our government. Now our government could be called the legal department of American Business. For many years our government has refused to represent the middle and working classes. We have no protection. Our only weapon is to save and not spend. If we must buy, buy from the lowest price. And if they cry that we do not buy American how much really is American these days?

Jon Stewart did not try and pin the whole thing on Cramer. Lazy journalism like that, assuming for a minute that is what it is, badly damages your credibility. The truth is Jon Stewart is probably the best journalist, not comedian, in America today. He is certainly the only one with any balls. He asks the questions I and many others wish journalists like you had the character to ask. That you don't, and so badly understand or misrepresent his take on the financial crisis and his treatment of Cramer is one more reason for me to stop paying attention to traditional news outlets like this one. I am tired of emasculated "journalists" avoiding upsetting anyone until after the story has broken itself. You and your like are a bunch of gutless ass-lickers shoveling corporate goo, you should be ashamed of yourself.

This whole derivative thing that Wall St. cooked up is one huge Ponzi scheme.Get rid of mark to market it inspires ridiculous risk. No more bail outs if they continue to used these unregulated over leveraged ways of doing business... tha ift left unchecked eventually fail.

America's elite at work.

The greedy politicians responded to the requests of greedy taxpayers and greedy voters for smaller tax bills and smaller government. No matter how much business payed the politicians they don't get into office unless they are voted in by us.

Fool me once, shame on you; fool me twice, shame on me.

There is probably not much doubt about many bankers immoral greed. However, this has been in the nature of bankers since the beginning of time and should come as a surprise to nobody. They will perhaps not have their Business Class ticket to heaven for a place next to the Lord when they die, but they cannot be blamed for the current financial crises as they have only behaved just as irresponsibly as anybody would expect them to do.

I'll but all of the blame on those hypocrite politicians, getting elected on policies they say would be good for the people, but once in Washington, spend most of their time collecting money and other privileges from the lobbyists. Unfortunately, you cannot put much of the blame on the people electing them neither because, frankly, there are not really an alternative on the stage. Responsible hardworking politicians fighting for the interest of the average citizen are conspicuous by their absence.

Its pretty easy to see who the thinkers are in this article. As a former stock broker I recall doing interviews back in the early 80's looking to get on with one of the big firms. My dream was to build a reputation as someone who created wealth for my clients. I wanted to make money to. The sad truth about the industry is that it is all about greed and it would be foolish to assume that self regulation works where money is concerned. Both sides are correct in their arguments but the reality is that it takes both sides working together to create responsable rules that work...or to create the ones that work for your friends which is how the industry works. Politicians are in the business of getting re-elected and making money and the network of relationships you build becomes useful in getting that done. Capitalism is nothing more than greed. Both sides work together to create vehicles that create wealth for themselves and in doing so others make money but the reality is that it's not about the long term plan. Its about making millions of dollars a year and creating vehicles that can accomplish that. I used to gawk wide eyed at the old boys having their scotch in the boardroom thinking one day I'll be able to be like them. Well guess what. Its nearly 30 years later and I joined the club and I have enjoyed almost every minute of it. For the moist part I managed to do it with a conscience and learned a lot along the way. And oh...guess what. I have never forgotton the interview at one of the biggest firms that changed my life forever. I was turned down but got good advice. I ws told "Go sell vacuum cleaners for six months and come back and see me." I did. Like everything in life, their is perception and reality. Who makes the rules fopr those who self regulate and in who's interest are they made.

Let's see: Congress writes the Laws, and no oneis being prosecuted for breaking the law. Hmm, this is a tough one, but I'm ging with "It's all Congress' fault".

And while we are at it, does anyone else think the American economy is too important to be left in the hands of greedy politicians? Maybe we should pass a law that requires Congress to vet every budget with a panel of Economists.

A follow-up to my previous comments: I am not blaming any one for the mess. The biggest single reason why the fall was so big is that the foundations of our economy are so strong, and the economy is globalizing so well, that the system could take a massive buildup before it fell. This is a sign of strength, not weakness, in the free market system. If it didn???t work so well in the first place the whole mess would have come crashing down much sooner. But now factories, homes and stores are built, business relations are made, raw materials are available and workers are trained on an unprecedented scale. And that dream of affordable housing is coming true, if not in the originally intended way. What doesn???t kill you makes you stronger. We will correct our society???s over complacency. And when we do we have a strong foundation to build on. Today is as bad as you think, but not tomorrow.