[lyonsban]

I agree with you RoyalWe on all points except blocking an unbiased analysis of the problem.

I suspect the Bush administration bears some responsibility for opening the floodgates on the money supply. I suspect wall street played fast and loose with the AAA valuing of risky securities, knowing full well the government has a long history of both supporting banks (hence the cash/cash equivalent/AAA security percentage requirement) and supporting homeownership (hence fannie and freddie). I know the Democrats bear much responsibility for protecting one of their most lucrative donors from oversight, but that doesn't mean Republicans had voters best interests at heart either. I'm not interested in partisan politics. If I had to choose I'd ask Ron Paul, or better yet Huckabee to oversee the investigation. An unloved politician just might get an unbiased report.

I think most of the world would like an economic report on exactly where things failed and what processes broke to allow the failure. No new regulations or laws, just where the spirit and letter of current law was bypassed and why. Recessions happen, no capitalist society can avoid them, no capitalist society should avoid creative destruction, however something stinks about this recession and the smell has 3/4 of people wondering where it's coming from.