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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (548524)2/7/2010 10:38:52 AM
From: bentway   of 1575952
 
"Does anyone remember the S&L crisis? Our government handled that successfully."

This wasn't the S&L crisis. This was the entire global financial system. Apples and Oranges. It's somewhat unfortunate that the effectiveness OF the response has so many believing the crisis was anywhere NEAR the scale of the S&L collapse, and that doing nothing WAS an option.

Hindsight is 20-20. I'm sure that examination after the fact will reveal things that could have been done better. But the fact that so many believe that doing nothing was an option is a measure of the rightness of what WAS done.
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