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Morgan Stanley, Lehman Brothers, Merrill Lynch and JPMorgan Chase.

Therefore, some said that the meltdown on Wall Street has good excuses to blame the campaign contributions and lobbying by the financial sector. However, compared with the total budget of the bailout program, the money of the campaign contributions and on the lobbying activities is less than 0.025% of the total budget of the bailout program. Please think this way: what is the result of the bailout program, and do you think that the 800 billion dollars is enough to save the banks and the enterprises from the financial crisis? Then, you will find that there is a large gap to fill with dollars to drag the U.S. economy back on the rising track.

Some economists stated that the trade deficit contributed to the financial crisis, too. According to the U.S. Census Bureau, "the Nation's international deficit in goods and services decreased to $59.1 billion in August from $61.3 billion (revised) in July, as imports decreased more than exports" (See http://www.census.gov/indicato r/www/img/ustrade.gif). Therefore, we saw a decrease of the deficit of the international trade in goods and services in the past few months. Is the financial situation becoming better? No! Obviously, the trade deficit is not one of the main causes of the meltdown on Wall Street. Can you say that trade deficit related to the meltdown on Wall Street? It is the same reason with the campaign contributions and the lobbying by the financial sector. They are not one of the main causes of the meltdown on Wall Street. Therefore, we can hardly say that campaign contributions and lobbying by the financial sector contribute to the meltdown on Wall Street.

Actually, the lack of the monitoring of the financial market (including the stock market), the housing market, and the general running of the U.S. economy is the root of all the financial troubles. Also, overspending on military actions and some projects caused the disturb of the problems of the financial balance. Hence, we saw the violent movement of the financial system. Since Wall Street took the lead in financial sector, the meltdown is, in a sense, inevitably. This is the conclusion.

Learn more about this author, Lisa Bells.
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