Grandma's House

I've been thinking some more about this "financial crisis" that the Bush Administration is supposed to be responsible for. I was thinking about when it actually started to be noticed by the average American. In July, Democratic Senator Chuck Schumer sent a letter to several regulators, expressing his concerns about the stability of IndyBank. Then, for some unknown reason, he decided to make the letter public. This caused a run on the bank which led to its collapse, thus starting the fall of the house of cards.

Wednesday, Democratic Senator Harry Reid made this comment:

"We don't have a lot of leeway on time. One of the individuals in the caucus today talked about a major insurance company. A major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about," Reid said prior to the Senate's approval of the $700 billion bailout bill.

Of course, he didn't name the insurance company, and the stock values of life insurance companies fell to the floor.

Now, can someone seriously tell me this isn't political? With a straight face?