Is the worldwide economic implosion the fault of United States firms and regulations?

No, the European banks and people were doing the same thing over there that we were doing over here. They had too many people buying houses and taking out loans that they could not repay same as over here. To put all of the blame on the United States is just ignorance. Even the government of Iceland said that it was the greed of it's own people borrowing twelve times its GNP that has put it's banking system in the position that it is in.

There should be another G8 conference of the richest nations in the world to discuss the economic crisis, free trade, and what can be done globally to stablize Wall Street and its equivalent in other countries? It does no good to blame anyone in particular. Is the United States still the richest country in the world? A lot of our corporations in the USA are owned by people from other nations.

Only the problems inside the US are our responsibility. The rest of the world should have been managing their affairs better.

And anyway - why should we feel sorry for them? They were leeching off of our economy and now are in trouble because of it!!

It does have some ties to the ill conceived regulations and poor oversight and corruption of our Congress that caused this whole mess.

No the Europeans banks are responsible for their own greed .

McCain health paln-

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