Ok, how many of you are tired of the current Global Economic Crisis. I am getting tired of all of you attempting to figure this out.
The current Global Economic Crisis consists of the "Wall Street Crisis", "Mortgage Crisis", "Financial Crisis", "Banking Crisis", "Credit Crisis", etc..
What triggered this was the profit taking of 60-100 Trillion USDs. This profit taking was legalized after the removal of the Glass Steagall Acts. The Glass Steagall Acts made Illegal those Causes of the 1907 Depression and the 1929-1939 Great Depression. From 1907 to 1933 all forms of "Regulation" failed, so making the Causes completely Illegal was the only means of preventing a future Depression. The Glass Steagall Acts worked from 1933 till 2000.
When the Glass Steagall Acts were removed, those that knew, immediately started to figure out how to make Trillions of USDs profit of a possible 643 Trillion USDs.
The cumulative effect was felt in 2008 (not instant gratification). The Billion USD Bailouts did not pay off the 60-100 Trillion USDs. The November December 2008 Billion USD Bailout was really passed by the Democratic Party Controlled Congress as "Time Sensitive" (no Public Scrutiny) to buy the January 2009 Electoral College Votes (that determine the President and Vice President of the US).
So the question that is obvious. Why doesn't the US Congress reinstate the Glass Steagall Acts. The simple answer is there is an organization that controls all the Financial Weapons of Mass Destruction, capable of toppling any Nations Governments and Economies. example: Greece. CBS News talked about this (the Organization, and Financial Weapons of Mass Destruction)(NOT A CONSPIRACY THEORY Nor "Wearing a Tin Foil Hat").
The members of this organization (as well as those with written agreements) are most of the World Banks and Financial Institutions, that first loan the money and then bet (buy "Insurance") that they, person or entity (Government) that they loaned the money to will default on the loan. If the person or entity defaults they make more money on the "Insurance" (bet) than the original loan. This is called a Credit Default.
In terms of the "Mortgage Crisis" as a small part of the 60-100 Trillion USD Global Economic Crisis, a Bank or Financial Institution loans you the money for a Mortgage and also buys the "Insurance" in case you default. By buying the Insurance they are betting that you will default (Loss for you, large Financial gain for them). For some reason you do Default. The Bank or Financial Institution Forecloses. Now they own the house, and collect the "Insurance Money" (more than if you paid all your Mortgage payments). The house is now collateral(real property) that can be used by the Bank or Financial Institution for more 0 percent interest loans from the Federal Reserve. This is how people "Lost the Farm" to the Banks and Financial Institutions during the 1929-1939 Great Depression and for the same reasons, this is what the Glass Steagall Acts made Illegal. Seriously think about this, if you were the Bank or Financial Institution and could make many times the amount of the Mortgage, plus own the Property (Real Estate) as future collateral, what would you possibly do to make the person default on their Mortgage (You can cry "Conflict of Interest" all you want, with the removal of the Glass Steagall Acts that is not a valid argument.).
Most of these members are also part of the Federal Reserve (Private Banking or Financial Institutions). Again NOT a Conspiracy Theory nor wearing a tin foil hat.Research which organization (.org) controls Internationally Swaps and Derivatives. When you do the research then look at their "Current Membership" Lists.
Think about what you would do if someone attempted in stopping you from making profits of a few Trillion USDs. Even hiring a hundred "Problem Solvers" for a Million USDs each to make your "Problems" go away would be cheap.
The Chinese retained their versions of the US Glass Steagall Acts. This is why they are not hurting as bad as the US and Allies that removed their versions of the Glass Steagall Acts. Of course added to this is the Free Trade Agreements and Amendments that Legalized the "Outsourcing" of US Jobs, US Manufacturing, US Technology to China, Mexico, etc.
This has gone beyond Democrats, Republicans, Independents, Communists, Socialists, Fascists, etc.. This is more about those that say "How can I make my Millions to Billions (USDs, Euros), screw the morales, ethics of making others suffer Worldwide". Also the dilemma of "Takers" versus "Givers", to a Taker if you are not a Taker (Greed) then you are a Giver (Dupe).
Bottomline: US Congress needs to use what works (worked), by reinstating the Glass Steagall Acts, eliminating the Free Trade Agreements and Amendments (Legalized "Outsourcing" of US Jobs, US Manufacturing, US Technology), and conducting a larger scale version of President Eisenhower's successful Operation Wetback (Illegal Aliens as a National Security Threat), followed up with US Congressional passage into Law the President Bush 2006 Illegal Alien Act (with apprehensions and deportations, not Amnesty) and a Federal Law similar to California Proposition 187 that denies US Taxpayer Paid Public Assistance to non US Citizens (take away the real incentives and motives, "Freebees", for Illegal Aliens to come to the US). Instate President FDR's Universal Health Care For All US Citizens by getting the Insurance Corporations out of the Medical Profession for $50 for Unlimited Medical Treatments, get the Insurance Corporations out of the management of Medicare, with the Insurance Corporations padding their expenses to make Profits of $17 Billion to $18 Billion per year paid for by the US Taxpayers, elimination of the Insurance Corporations from the Medical Profession automatically decreases Medical Treatment costs by 80% for all US Citizens.