Meltdown

Dean Baker addresses one of the burning questions regarding the bursting of the stock and housing bubble: how'd we get into mess?

A related question -- namely, how to get out of it -- seems already to have an answer: fuck the lendees; bail out the lenders. Shouldn't be too much of a surprise, because that's how the pyramid scheme known as the "economy" usually works: the powerful and cushioned get coddled; the marginalized get the boot.