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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (545986)1/25/2010 3:38:07 PM
From: TimF4 Recommendations  Read Replies (1) | Respond to of 1576853
 
Your boys repealed Glass Steagall and then got Clinton to sign off. The lack of regulation resulting from this law's repeal led to the subprime debacle.

Glass Steagal had very little to do with the subprime debacle/financial crisis, and has just about nothing to do with "lack of regulation". Regulation in the US both in general, and in the financial industry, and specifically on banks, is VERY extensive.

Also most developed countries never had anything like Glass Steagal. Why didn't they have the financial crisis decades ago?



To: tejek who wrote (545986)1/25/2010 3:51:27 PM
From: Bill3 Recommendations  Read Replies (1) | Respond to of 1576853
 
<< Your boys repealed Glass Steagall and then got Clinton to sign off. >>

ROFL.

And 'your boys' voted to invade Iraq and then got Bush to sign off...


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