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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (46659)9/15/2008 9:45:25 AM
From: TideGlider2 Recommendations  Read Replies (1) of 224748
 
The financial problems stem from the deregulation created by the Clinton Administration.

The recent Dem congress is mostly responsible for encouraging leveraging by the banks. Greenspan was also resposible for flooding the world with liquidity. The hedge funds became so large with their leverage that they created bubbles everywhere they went.

The investment banks increased their leveraging and the Finance Committee under Frank said all is fine....The banks should have been stopped.

What you have to remember is that both parties screwed things up.
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