Financial Crisis Explained! (special kids section)

So many articles like this one do a mediocre to decent job explaining The Financial Crisis, but what I really hate is that these explanatory articles still do not get to the facts of who is to blame and why.  For example, there are reasons why the unholy marriage between investment and retail banking didn’t exist before 2000.  Fingers are pointable, no partisanship necessary.  Also, people still keep harping on the damn mortgage defaults, those sub prime people.  I’m beginning to think “sub prime” is the same as “welfare mothers” of the ’80s - it’s a ploy; the people at the bottom of this pyramid scheme are not to blame.  Here’s my first draft of the naughty list (excluding obvious slime in the financial sector, who’s love of making fake money at the expense of others is a given): Alan Greenspan, Congressional Republicans since The 90s, George Bush, Bill Clinton, SEC, Osama Bin Laden, Ben Bernanke….

I also completed the first page of my Financial Crisis for Kids book:

Stearns Bear: Hey Johnny, would you like to buy this apple tree?
Johnny: Sure, how much?
Stearns Bear: Well, you have to pay me upfront for how many apples we think the tree is going to make over the next thirty years.
Johnny: Hey Mr. Bear! Some of these leaves are painted green!
Stearns Bear: Are you a fucking idiot Johnny? You can’t lose with this!  Now buy it or I’m going to eat you.

About The Author - PinkoJenn is on the ground in Wisconsin reporting for Pinko on the Obama campaign and her experience as a volunteer - Visit Jenn's site.

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One Response

  1. those lazy subprime borrowers! boo on them for making us have a great depression.

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