This insane economy that has failed to grow since 2000 has basically lived on borrowed money with a hope that things may get better but the end result is much worse.
The whole point of releasing the top 1% to invest is productivity. Instead we have increased risk with sub-prime madness. Why lend to those who can never repay? How is that going to work?
Oh it is easy Mr Treasury. We flood the market with tax cuts at the top end and raise speculation through the roof. This gambling with the financial stability of our grandchildren undertaken primarily by the Bush administration and the cowboys running the big banks has resulted in wiping out the capital base of many huge financial institutions. The return of slavery is probably next.