As The Banks Fail


This kind of crisis places a premium on intelligence and the ability to explain and propose solutions for very complex problems. And it’s a favorable political terrain for Democrats, because the root of the crisis was the lack of government regulation.

There is still nothing on Obama’s website, but he made a statement this morning that gets to the point:  "The challenges facing our financial system today are more evidence that too many folks in Washington and on Wall Street weren't minding the store.  Eight years of policies that have shredded consumer protections, loosened oversight and regulation, and encouraged outsized bonuses to CEOs while ignoring middle-class Americans have brought us to the most serious financial crisis since the Great Depression."