Celeste Froehlich About Me Page at Helium

Politics, News & Issues > US Economy Obama v. McCain: Whose financial-crisis cure is best?: 3 of 4

The current financial-crisis is rooted in unrestrained greed and the climate of deregulation that allowed it to spin our of control. The banks have been victims of the short-term outlook of their own CEOs. Their leaders in recent years have been much more concerned with short-term profits and big bonuses than in the longer-term risks they were piling on to their companies by over-leveraging and investing in mortgage-backed securities. The federal government and its regulators who allowed the financial sector to "get drunk" on faulty risk models shoulder the lion's share of the responsibili...
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