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Posted on September 25th, 2008 | by whatyoucandoaboutvictimbehavior |

Turmoil timeline

the federal government is cleaning up a mess with mops made of taxpayer dollars in what might result to be the most expensive federal bailouts and takeovers in history.


as washington writes billion-dollar checks, critics are looking in serious trouble at the actions — and inaction — that set the table against the crisis, saying that for more than a decade the federal government whittled away regulations and defanged the agencies that were putative to protect consumers.

the furthest paper money for taxpayers could run more than $1.3 trillion as the management tries to clean up the confusion made by one of the worst financial crises since the great depression.

the 14-month old turmoil developed as:

• severely buyers with less than stellar credit began to fail on their mortgages.

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