While I wouldn't wish this crisis on any country, I'm relieved to see that we are not the only ones with a major problem on our hands. Along with the Europeans, the Chinese and other Asian banks are being hit hard. According to the Associated Press, Shanghai Pudong Development Bank fell by 10%, while China Bank lost 4.9%.
With this in mind, the presidential debate is going to provide some very interesting viewing. Senator McCain is going to have some serious work cut out for him when his judgment relative to Charles Keating and Lincoln Financial comes up. It is fairly widely known that John McCain was tied to Lincon's failure. Here is a video recently added to Senator Obama's website.
I was hoping to get some verification on this video over at factcheck.org but it was not available.
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