The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: tejek who wrote (173806)	12/26/2008 9:45:17 PM
From: bentway	Read Replies (3) of 306849

It's hard to know what the Bush admin's motive for no oversight in so many areas was. I suppose it's just the overswing of the pendulum of "getting government off the back of business" started by Reagan and religiofied by the (R)'s, to where scamsters and criminals were free to steal with both hands. Even though this stuff started under Clinton, it wasn't out of control then. The derivatives market was $30 trillion at the end of the Clinton admin, but it had ballooned completely unregulated and unmonitored to $500 trillion by today. Clownishly large amounts for governments to allow to be sloshing around with no control whatsoever.

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