SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : American Presidential Politics and foreign affairs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TimF who wrote (39770)12/21/2009 1:58:33 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Nonsense....

(You ignore the simple reality of the plain and clear history: WITHOUT the *two* 'liberalizations' by government --- raising 'no-cost' deposit insurance and lifting the restrictions on how risky S&L investments could be --- there would have never been any S&L crisis.)

Bubble/Collapse/Bail-out Crisis was *entirely* the predictable and inevitable result of the Congress' actions... signed into law by President Reagan.

There *was no* 'crisis... not even a "developing one" until Congress and the White House took those TWO ACTIONS.

None.

No crisis, no 'Savings and Loan problem'. No bubble.

The politicians created the opportunity for massive fraud and, (of course!), there was no shortage of people willing to avail themselves of 'free money' at 'no risk'.

There ALWAYS is.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News