This article was written by Paul Krugman, a columnist for the New York Times, in which this article appeared. Mr Krugman is a professor of Economics and International Affairs at Princeton University and in October of 2008 it was announced that Mr. Krugman would receive the Nobel Prize in Economics. This article was written in response to the economic depression America finds itself in. The article was intended for the general public as well as those in the financial markets and institutions.
Mr.Krugman basic argument was that greed will come back to haunt you. The banks and financing companies who sold the American public and investors smoke and mirrors are now reaping what they have sown. The bailout money received by these companies and banks are outrageous. What happened to all the money the banks and other companies received as a result of lying to investors and the American public. Taxpayers are now paying these criminals for the mess these bankers and financial institutions made. In the words of Don King, "Only in a America". It does not add up! It is the poor man who gets stuck with the bill, while the rich man is eating, drinking and being merry. The American system of checks and balances is a long way from being balanced and if America does not stop those who are greedy and selfish from selling the country right out from under Americans, then America will not have to worry about terrorist, because they will not need to destroy what they now own.
