The next, worse financial crisis: Ten reasons we are doomed to repeat 2008

[Better Believe It]

The Next Financial Crisis Will Make the Last One Look Like a Church Picnic.
By: cmaukonen
July 7, 2011

Yes I know we have heard it now a thousand times. But when the story keeps showing up in the WSJ and on the Marketwatch page, it does give one pause. This analysis by Bret Arends gives ten reasons why he thinks that the next financial crisis will be worse than the last. A good deal worse.

http://my.firedoglake.com/cmaukonen/2011/07/07/the-next-financial-crisis-will-make-the-last-one-look-like-a-church-picnic/


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The next, worse financial crisis
Commentary: Ten reasons we are doomed to repeat 2008
By Brett Arends, MarketWatch
July 6, 2011

BOSTON (MarketWatch) — The last financial crisis isn’t over, but we might as well start getting ready for the next one.

Sorry to be gloomy, but there it is.

Why? Here are 10 reasons.

Click on this link to read the 10 reasons. BBI:
http://www.marketwatch.com/story/the-next-worse-financial-crisis-2011-07-06

[defendandprotect]

1. k

[lunatica]

2. If they're doing exactly the same things that caused the bubble to burst

it stands to reason that the next bubble will be created and it will burst. Logic 101.

[banned from Kos]

3. It won't happen unless the GOP kills Dodd-Frank completely

That and Basel III force the TBTF banks into fiduciary responsibility.

Of course, another Bush/Cheney could change this.