The Wapo tripe this morning about Obama "blaming Bush" is laughable.

When Obama says he inherited a mess, he is not JUST talking about Bush, but about the entire extended list of culpable bad managers, including Bush, but not excluding many others, including some of the Blue Dog Dems who helped concoct the bankruptcy bill.

When a President is not yet 100 days into office, it is pretty safe to conclude he inherited any serious complications that occur.

Much like IOIYAR (It's OK if you're a Republican) permeated our politics, RANTB (Republicans are NEVER to blame) has become the new patent denial.

Just wondered if any of our bona fide economics experts might have an opinion on this...

Or even other armchair economists like myself.

If the U.S. Govt were to guarantee deposits up to $1,000,000, would that bring back some old-fashioned "banks" as opposed to "investment house?