Huckabee may have singled out the primary cause of the recent financial crisis.

At the Values Voters Summit, last weekend, Mike Huckabee may have hit the nail on the head when it comes to assessing blame for the recent financial mess.

"Many of our economic issues are the result of the breakdown of something of the character and integrity. The meltdown of Wall Street was not a money crisis, it was a moral crisis. They essentially turned Wall Street into a massive financial casino."

What is not commonly held is the fact that there were plenty of regulations in place to prevent the kind of September '08 disaster that resulted in the TARP .

Understand that the Affordable Housing push, by the libs, had been under way for years, since the closing months of the Clinton Administration. Bush tried to do something about it, but the effort was not sustained and the the failing notion that "everyone deserves to own their own home" gained popularity within political ranks. So much so, that the Congress pressed the lending institutions to lower their requirements for loan approval.

Couple the push from Congress to help "the little guy" (who couldn't afford the homes for which they "qualified") with a bonus based/ commission oriented lending environment, and we have the makings of a crisis. Reduced lending standards were critical to the crisis, but what pushed the crisis to the surface was the system of bonuses that drove the lending industry to unscrupulous heights.

And, with that, the Huckabees assessment begins to make sense. The sad reality is this: there is no legislation known to man that can prevent the unscrupulous from taking advantage of the system. None.

If Obama believes what he says, that his regulatory reform will prevent financial crisis from ever happening again, he proves himself to be a novice at the game of economics and dangerous for that reason. Understand that if he does not understand that his goal can never be attained, he can be manipulated and used to further the evil agenda who are about nothing but making money.

Question: we are wondering which is needed most in dealing with the current financial mess we are in, an economist or a pastor ?? Just askin'.