Dear CNBC's Screaming Monkeys [View All]

[Yavin4]

When trillions of dollars are borrowed, but not paid back, markets will crash. The time to cry about it was when the mortgage and banking systems were deregulated, not now. Now, it's too late. There's very little if anything that Obama nor any other policy maker can do in this situation to mitigate the losses.

A Sarah Palin/Bobby Jindal or a Mitt Romney/Rush Limbaugh administration would be facing the exact same problems, tax cuts or no. Citibank, BofA, AIG, and other large financial institutions are essentially bankrupt. These are huge companies that were allowed to become big because screaming monkeys like yourselves wanted them deregulated. Currently, we're experiencing the ugly side of deregulation, massive failure and unintended consequences.

Now, I fully realize that you are using this financial crisis to score political points against a president who will raise your taxes, and that millions of Americans will fall for your b.s. However, the facts remain the same. The markets are falling because large financial institutions are bankrupt, and until the bankruptcy is worked out, the markets will continue to fall.