Are We Facing Just Another Market Problem or a System Collapse?

By Danny Schechter, AlterNet
Posted on July 28, 2008, Printed on July 29, 2008
http://www.alternet.org/story/93031/

The question we face in late July, as regulators seize two more banks, is: will we be engulfed by a further collapse in our economy or can the damage be contained, or, even turned around?

We know what goes up must come down but when will what's down go back up?

It isn't looking good -- and, even now, the two presumptive major party presidential candidates are talking about everything but this deepening crisis. They are debating terrorists and Afghanistan and how to meander out of Iraq but not the reality that so many Americans are living with: a squeeze that is leaving so many of us broke, in deeper and deeper debt and disgusted.