Talk of The Villages Florida - View Single Post - 60 minutes last night.
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Old 10-27-2008, 11:53 AM
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Default 60 minutes last night.

Did you see the segment on the explantion of credit default speculating?
A pretty good non-partisan explanation of what was basicaly legalized gambling in the market that was able to happen because of a last minute bill passed near unanimously (read all sides) by congress.

This legalized betting on the market seems to be credited with a big part of the collapse of things as we are seeing. Seems alot more about widespread greed and poor oversight than a particular party issue. Would love to hear from Kahuna and/or others with more experience in this dept. on their opinion of the show/explanation if they saw it.