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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (4720)1/10/2009 1:31:55 PM
From: Kenneth E. Phillipps  Read Replies (2) of 103300
 
Taking away the punch bowl is something which Greenspan should have done but didn't do. Allowing the Fed Funds rate to remain at 1% or close to 1% for an extended period of time certainly was a major factor in causing the mortgage crisis. The failure to regulate by the Fed and SEC were also major factors.
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