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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: James Hutton who wrote (298923)12/19/2010 10:18:19 AM
From: Giordano BrunoRead Replies (1) of 306849
 
The S&L crisis resulted in over 1,000 convictions with the ultimate cost estimated to have totaled around $160.1 billion.

Not only won't they file criminal charges they appear to be cautious about rocking the ponzi at all.

A confusing commission
By Ezra Klein
The point of the 9/11 Commission was to knit classified information and expert testimony into a coherent narrative of the attacks that would help us reform our intelligence agencies and disrupt future attempts. The point of the Financial Crisis Inquiry Commission was ... well, it's not exactly clear. Its report is coming many months after financial reform has been signed into law, and after many books and reports have done an exceptional job telling the story of the crisis (which is not, crucially, a classified story).

Which is all to say that I'm puzzled by the decision the panel's Republicans made to break away, declare certain words off-limits and release a nine-page report that reads like a long op-ed from a generic Republican politician. I get that sort of partisanship and message discipline when the stakes are high, but what are they playing for here? Keith Hennessey, who's one of the panel's Republican members, has suggested that the minority is angry that the final document won't give them more space to offer an alternative narrative, but that hardly explains why they're voting certain terms and phrases off the island. So what does?
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