WHO'S TO BLAME???

Investment bankers are the people in our economy who sell "security" in the form of mortgages. They are ran through and protected by the Federal National Mortgage Association...otherwise known as Fannie Mae. They sell these mortgages to people and expect them to pay back. They deal with raising capital, trading securities and managing corporate mergers and acquisitions. Investment banks earn money from companies and governments by raising money through buying and selling securities. http://www.growthink.com/contact

In some cases though the investors made poor/ risky choices as to whom they were investing with. These risky people sometimes did not come through and caused some serious downfalls. Because they were reckless in trying to make quick money they didnt realize the "securities" were not secure. They poorly invested the money. Their job is to better investigate where they are doing business...(Besides the fact that they give themselves huge raises and what not...)
" Investment banks are creatures of the global capital markets. They can borrow seemingly unlimited amounts of funds from investors around the world and deploy them as they see fit." When they see fit isnt looking into the long run things begin to get a little cloudy. I personally think there are many people to blame for this downfall but investment bankers are a secure bet as a culpret. http://www.newsweek.com/id/159092

The Great Depression--current event blog

http://topics.nytimes.com/topics/reference/timestopics/subjects/g/great_depression_1930s/index.html
http://www.encyclopedia.com/doc/1E1-GreatDep.html
The great depression was so much more than "great" it was a devastation. Prices fell 89%..it also had a vast amount of unemployment. Most people pin its start to“Black Tuesday,” Oct. 29, 1929. People who bought stocks "on margin" (borrowed money) were the ones who suffered the consequences. struggling to keep above the high unemployment, low wages, no credit and failing business...people seemed to find no relief from president Hoover but instead turned to Roosevelt to come up with a solution and plan. Making federally funded jobs, and creating new work forces there were slight improvements. then further on World War 2 struck and things went on hold again. the United states didnt regain itself until the 1950's.

i think in our current situation we need to start making federally funded jobs and look into options like that. help out big business and small business as best we can to keep them a float and keep people employed. its scary to think that we are following a pattern that happened in our past and to look that it took nearly 20 years to get on its feet again, i worry about my future and what will happen next...