The Big TakeoverThe global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution. by Matt Taibbi is a clear description of where the US Financial system finds itself. The first sentence of the article sums it nicely.
It is my strong opinion that more debt, more bad lending is a short term answer. Crawling out of the mud of the Great Recession will leave none clean and will not happen quickly.