From Reagan to Nationalization of Banking System
We see the unavoidable death of the so called "Reagan Revolution" started in 1980. We are just days of weeks away from having to have our banking system Nationalized(run by the national government) because of the reckless and unregulated fat cats actions leading to our current failing economic system.
Reagan deregulated some of the banking system soon after he was elected President... deregulation was a cornerstone of the Republican Plan, they didn't want any government regulations "hampering" their business practices whether their practices were dangerous or not.
So, here we sit with gridlock in the credit markets and a stock market in turmoil. The fat cats did what they wanted to make money, put commissions and fees into their pockets and to hell with anyone else. The only solution to calming our and world markets is for Nationalization of our Banking System.
So long Republican Party, so long lunatic fringe, into the dustbin of history you go because of grande malfeasance upon our country.