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Wide spread bank failures are definitely the final straw. Declining job security and income is one thing, having your money and life savings vanish in to thin air due to unconscionably bad business practices is quite another.

you are the media you consume.

by MillMan (millguy at gmail) on Wed Jul 16th, 2008 at 07:42:24 PM EST
[ Parent ]
To which I should add the decline of the middle class has occurred slowly over a number of decades which can be adjusted to or normalized by the mind(the old frog in a slowly boiling pot), whereas widespread banking crises too sharp a shock to avoid unrest and new political demands.

you are the media you consume.

by MillMan (millguy at gmail) on Wed Jul 16th, 2008 at 08:10:00 PM EST
[ Parent ]

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