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Politics : Al Gore vs George Bush: the moderate's perspective
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To: long-gone who wrote (2348)10/13/2000 3:55:09 PM
From: American Spirit  Read Replies (3) of 10042
 
Bank de-regulation law signed by Reagan lowered requirements on loans and cut watchdog agencies to the bone. S+L's could do pretty much anything they wanted. And they did. And nobody stopped them until it was too late. Something like 800 billion down the drain which we are still paying for. All because of Reagan caving into special interests and wllowing quick-busk artists to run wild. Read up on the history of it. You'll be appalled. Not saying it was all Republicans but just the majority, and they're the ones who pushed and signed it into law. This is just a defence to a charge that Clinton-Gore are "ripping off" tax-payers somehow. Which is baloney.
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