People are asking if the Debt Crisis out of Europe is as bad as the Lehman Collapse era of September 2008.
The short and long answer is: No, it is not. In 2008 we were two months before an election, therefore a national party and a media-loved candidate and later President Elect did everything they could to talk-down the economy and scare everyone to death for political gains, and then to get the Stimulus passed. Killing confidence made things worse by the day. Now however, we don’t have these political factors, and Republicans sure don’t have a powerful mouth piece with the ear of the country to his/her mouth scaring everyone into a second depression. Therefore, the markets are not Tanking so fast as they did in late 2008 and early 2009. Source: http://yossigestetner.com/2010/05/25/why-greece-is-different-than-lehman-collapse/
