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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (821531)12/8/2014 11:43:47 PM
From: tejek  Read Replies (2) of 1583937
 
It happened because Bush wasn't watching the hen house.
I don't think that was it. I think Alan Greenspan had convinced Bush that the housing market and the derivatives market for mortgage backed securities would 'regulate themselves', and thus NEEDED no regulation.

I don't know how it happened but what I do know is the fed was not doing what it was supposed to be doing during that period. That makes Bush responsible.
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