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Message: From GoLocalProv by Guest MINDSETTER™ George Babcock : Nationally and locally in Rhode Island, the Banking Crisis of 2008 and the resulting crash in the housing market has continually served as the albatross preventing the nation and state’s economic recovery. One cannot pinpoint a single cause for the Banking Crisis, but reasons range from Congressional actions (repeal of the Glass-Steagal Act) to Wall Street contrivances Mortgage backed securities (MBSs), Collateralized Debt Obligations (CDOs), and Credit Default Swaps). All of these factors are creations of a New America where corporatism has taken the place of capitalism. http://www.golocalprov.comhttp://beta.golocalprov.com/george-babcock-ris-foreclosure-issue-is-a-community-problem