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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (17011)10/18/2007 3:59:21 PM
From: American Spirit  Read Replies (3) | Respond to of 224749
 
I'm an expert on the S+L debacle history. The one man most responsible for it was Donald Regan who was Reagan's righthand man. I forget which job he had but he was intent on completely regulating the banking system and removing reinforcement as well. Reagan went along with it, as did all the corrupt weasels in Texas. Read the book DAISY CHAIN.

reagan signed the Garnes St Germaine act which opened up the floodgates. He should have vetoed it but he was happy to deregulating our banking system and remove safeguards.