What Difference Will A New President or Prime Minister Make? Written by Peter Youngren
The last few weeks have brought to light the limited abilities and powers of politicians; no government seems to have fully anticipated the financial turmoil. For years the markets have been given a free hand, resulting in common sense being thrown out the window in the name of greed. Politicians passed laws that enabled and at times drove lenders to give money to people, who really had no business to get into debt. Banks took the cues and drove up the debts to unimaginable proportions.
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