“Peter Schiff”:http://en.wikipedia.org/wiki/Peter_Schiff talked about many actual causes of the current economy problems. Few random points I still remember from the talk. At a time Yahoo was worth twice than the entire New Zealand. Clinton created an artificial boom that finally came back to bite us now – Bush just prolonged the recession and made it even bigger. Everyone wants to go back to a strict lending standard, but wants to keep the bubble housing prices; noone will be able to afford that price without all those gimmicks. Everyone is greedy, but in a (really) free-market greed is balanced by risk, but the gov removed the risk. The gov “guaranties”:http://www.fdic.gov/about/mission/index.html bank deposits, hence noone cares about which banks are good banks anymore. Obama has not changed anything policy-wise.
There are a lot good points in the talk, even you don’t agree with him, it is worth to watch.