"...On the consumer end, “normal” was a death wish, “shop ’til you drop” – an obsessive compulsion by the profligate many to spend money they didn’t have but had to borrow...If it was an economic Pearl Harbor, the enemies were Fannie Mae, Freddie Mac, A.I.G., Countrywide, Bank of America, Merrill Lynch, Citigroup, Bear Stearns, and all the other banks, brokerages, speculators, insurance companies, hedge funds and leverage buyout specialists that had launched the sneak attack on the American economy..."
The rest of the article here, "Looking Back on the Greatest Depression" by Gerald Celente
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