If inflation doesn’t get us, incompetent government action will. This is the view of one of our favourite common sense Economist, Willem Buiter, professor of European Political Economy at the London School of Economics and Political Science.

It’s time to call the global crisis what it is: the worst financial collapse since 1929. That’s no surprise to subscribers of The Casey Report, who have been amply warned over the last five years. But now even government officials, after trying to ignore the facts on the ground for the last couple of years, are admitting the truth of the matter.

Yes, he can!…or so he thinks…politics is a dirty job, but someone’s got to do it…We don’t often have the chance to stand up for Dubya, but give the guy a break…he doesn’t understand the economy enough to be held responsible for the financial collapse…Bankers lend money when they think they can make money at it…Friedman offers Obama some advice…and more!

Now that Congress is getting involved, we should see some decisive action, a clear and easy solution to eliminate the financial collapse now knocking on our doors… and if you believe that, I’ve got these great banking shares to sell you.