@NEUROSPORT,
NEUROSPORT;70003 wrote:what i have specifically been referring to is that the seeds of the current depression were sown before Bush.
There are many reasons, converging at the same time, that led to this depression, if that's what you want to call it. They are all centered on one aspect of human nature, greed. Mostly, greed on the part of the banks and large corporations, and, to a lesser extent, greed on the part of the consumer.
Consumer greed can be controlled by tightening credit, which didn't happen. Corporate greed can be controlled by government regulation, which not only didn't happen, but was all but eliminated by congressional legislation and K street bribes.
Uncontrolled Capitalism will breed periodic depressions and recessions, and eventually, it's own collapse; all due to greed.