Feds Shut Down/Take Over More Banks

First, the fact that anyone in the federal gubment thinks that this is a valid thing for it to do is astounding. Second, the idea that people think the economic troubles are all the fault of "unscrupulous bankers and investors" is insane. A systemic promotion of risky loans, based on worthless money and bad gubment policy to "promote the ownership society" is what causes this kind of failure. The Austrian economists wrote abotu it decades ago and still the pop media and modern politicians don't grasp it.

http://apnews.myway.com/article/20100123/D9DD6LEG0.html

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