No greedee no regulatee. The fox is loose in the hen house.
Total BS. Wall St ran wild. So did hedge funds. They need better regulation. Chris Cox was a brain dead stooge who didn’t ban naked shorts and get rid of uptick rule.
The Wall St firms are mostly run by Democrats and Bush should have been stricter with these anarchists
The Dems are 100% responsible for the Fannie Mae mess and some belong in prison
It is obvious that it was not the failed ?Bush policies,” but rather policies initiated in the Clinton administration that decoupled lending from credit worthiness to allow the poor to own houses too. It was policies that ignored sound business sense.
No!!! This crisis was a deliberate act of sabotage by the democrats and the left in America.
I also call total BS.
The Repeal of Glass-Steagall, introduced and pushed by the Republicans and passed by a bipartisan majority and signed by Clinton allowed banks to take on more risk. That one post Glass-Steagall bank has acquired another post Glass-Steagall bank for pennies on the dollar in no way implies that repeal of Glass-Steagall mitigated the crisis.
The lowering of reserve rates to historic lows and the exemption of many deposits from reserve requirements allowed banks to become more leveraged. I’m not sure when this happened or what administration is at fault. But clearly this is a form of “deregulation” that helped bring on the crisis.
Nope.
The risks were well known and ignored.
GLASS-STEAGALL ACT:
COMMERCIAL VS. INVESTMENT BANKING
Updated June 29, 1987
Evidence:
http://digital.library.unt.edu/govdocs/crs/permalink/meta-crs-9065:1
There was no deregulation: loose lending policies forced
by democrats caused the meltdown!