The possible collapse of the auto industry is a tangential reason for what is occurring on Wall Street. None of the fat cats are going to mouth these words:
"We spent the last 9, unregulated, avarice driven, years creating a monstrous financial pyramid scheme, designed to produce massive short term quarterly profits at the expense of long term economic stability and solvency, and that pyramid has sucked in capital from throughout the world economy, and that pyramid is in the process of rapid collapse, and we have no strategy, tools, or ability to stop it."
You won't hear those words from anyone of authority in Business or Government ... but that doesn't mean they aren't thinking it every day.
About Financial Crisis
Read the Article at HuffingtonPost
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