A Review of the Financial Crisis

Posted: Sep 26, 2008 9:32 AM
For those who want to learn some more about the roots of the financial markets crisis we are experiencing today, check out this editorial from Investors Business Daily. I think it's important to examine the past to prevent a similar crisis in the future.

'Crony' Capitalism Is Root Cause of Fannie and Freddie Troubles

"In the past couple of weeks, as the financial crisis has intensified, a new talking point has emerged from the Democrats in Congress: This is all a "crisis of capitalism," in socialist financier George Soros' phrase, and a failure to regulate our markets sufficiently."