The financial crisis was triggered by falling housing prices.
The crisis was met with government bailouts but the "moral hazard" was not countered.
$5.4 billion was given by financial institutions in lobbying and campaign contributions.
The whole conventional wisdom is to blame: if y8ou let financial services alone, the economy will benefit.
If you deregulate, the financial markets eventually bubble. If you don't have regulations, there are no legal crimes, only moral crimes.
to hear James Crotty, professor at UMass Amherst, on www.therealnews.com, click on
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