I seem to remember everybody blaming the Freddie Mae and Fannie Mac, the housing construction industry and the home loan industry for the Recession.
However, nobody was talking bailouts and Depression until the Oil and Gas Industry (Bush/Cheney Cronies) made a Trillion Dollar money grab and sucked up all the spare cash in the World. Afterwards, we have no credit, finance industry bailouts, auto industry bailouts, and who the hell knows what else.
You wonder where all the extra cash went in America?
Nobody is talking about how the "shit didn't hit the fan" until the price of gas went to $4.00 a gallon last spring and summer.
I know my business was OK until the gas prices made it impossible for a good number of my regular customers to have any discretionary income. They put all their money in the gas tank until they had nothing left to spend that didn't go for essential goods.
We know they manipulated the prices through futures speculation and brought the prices back down in time for the elections. Coincidence? I don't think so.
Today, gasoline was at $1.45/gallon for regular.
Me, I'm thinking the Oil & Gas Execs ought to be standing in front of some Congressional Hearing by now..... Where did those $Trillions go?
They were the real rapist of America.
Just my opinion.