I'm sick of both partys and am convinced they are both owned by the big corporations and Wall street banks, but it would be hard to deny that the Republicans were aggressively pushing the deregulation that opened the door to all the financial shenanigans that created this mess. The Bush administration was actually stopping State regulators from enforcing state regulations that were in place to keep much of this mess from happening. I've been reading predictions of this disaster since 2003, but the authors of these articles were all belittled as chicken little doom an gloomers. Why wasn't the lesson of the Savings and Loan disaster of the Bush I administration learned?

http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html



Edited by Keta (05/31/09 04:25 AM)