On Wed, 30 Oct 2013 12:55:38 -0400, "Mr. Luddite"
wrote:

On 10/30/2013 9:58 AM, F.O.A.D. wrote:
... two financial collapses…

ICELAND

Prime Minister indicted
200 criminal charges against bank executives
Banks allowed to fail
Home owner mortgage debt exceeding 110% of value forgiven

UNITED STATES

Nothing happened to President Bush
Zero criminal charges against banksters
Banks bailed out
Bank execs given huge bonuses
Millions of homes foreclosed


Why?

Because no laws were broken. You can thank Barney Frank and Bill
Clinton for that.


==

Absolutely right. No one was complaining when the easy money was
flowing. Many people were able to buy a house for the first time and
that was exactly in line with government thinking and policy.