elegant explanation for events. now if we just had one for regulations and weakening IP

Nicely done. I don't understand all the statistics either, but knew we were being fed a line by the government/media complex. This explanation makes perfect sense. Thanks.

WD- very good explanation.

I would add 'the law of unintended consequences'.
This applies to all rules not just actions of governments. It is especially virulent when rules/laws are made by those who work from emotion rather than using thought and logic.

Isn't that what GWB kept saying, and Frank kept saying Fannie & Freddie were just fine?

When I read in 2008 about Fannie and Freddie I felt like we were letting the fox (community organizer) into the hen (white) house. Barney Frank said last week on meet the press “we all know Fannie and Freddie caused the financial crisis” it burned my ears.