Follow this link to the coverage on Huffington Post of the letter to shareholders by JPMorgan Chairman and CEO Jamie Dimon.
Dimon cited “an expensive war in Iraq” as one of the possible triggers of the economic collapse. Spending on the war ballooned the deficit and crowded out investment in domestic priorities. Meanwhile, the trade deficit soared.
Luckily for George Bush, nobody is going to believe anything that bankers say these days.