Quote:
Originally Posted by Adept1
EXCEPT that the republicans in this EXACT instance were NOT promoting deregulation it was "that one", the other party.
Now take a moment to explain to me why it WASN'T the "bad paper" that caused this and why and which rules that were changed did cause it....please be specific about which changes you mean rather than just saying "the deregulation" cause I'm slow and need to understand what they did that caused this.
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Look at the opening post to this thread. The banks were alowed to merge with insurance and investment firms. Also commercial and regular banks lines got fuzzy. One banker on the news said he didn't think his commercial company would be affected (but it was) because he believed it was about mortgages (which it was). They all had the ability to be one big happy conglomerate. Call it deregulation or what have you. The laws that were changed to favor a big boom busted our a$$.
10-10-2008, 06:56 PM
Re: Finding the culprit
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