Mounting Fears Shake World Markets As Banking Giants Rush to Raise Capital

That was the Wall Street Journal’s A1 headline exactly four years ago, with the lede; “Fear coursed through the U.S. financial system on Wednesday, as hope for a resolution to the year-old credit crisis faded.” A true financial panic, with the proverbial chickens hatched during the Bush administration coming home to roost.

The Romney campaign has tried to recycle the question that helped propel Ronald Reagan to the White House: “Are you better off than you were four years ago?”

Mitt should ask that question at his fundraisers. The financial services executives in attendance should be the first to answer.

~ John Kenny