The crisis is 30 years old, not three years old. The causes of the crisis should be tracked down in the real goods-producing economy, not in the financial markets. The financial markets were keep alive up to the collapse of the speculative bubble by credit-financed demand.
Some further thoughts on the OWS movement (tags)
I have been following the Occupy Wall Street developments with interest because ultimately I consider the only reasonable way entrenched elites become unseated is if there is mass action by citizens. I do not think military coups are a very sound way to lay the groundwork for grassroots
Is Capitalism Devouring Its Children? (tags)
The state was extorted by the banks. Bailing out the banks was regarded as without alternative..Rating agencies should become public institutions and system-relevant banks dismantled. Growth- and stability funds should be established as the credit-givers of last resort.