Re: Mess created 2001-2008 during BUSH's presidency
"There is none so blind as he who will not see..."
Famous photo: Bush appointees to financial regualtory agencies demolish bank regulations in 2003.
"Actually, there was plenty of coordination — a coordinated effort to destroy effective regulation:
"There is none so blind as he who will not see..."
Famous photo: Bush appointees to financial regualtory agencies demolish bank regulations in 2003.
"Actually, there was plenty of coordination — a coordinated effort to destroy effective regulation:
Consider the press conference held on June 3, 2003 — just about the time subprime lending was starting to go wild — to announce a new initiative aimed at reducing the regulatory burden on banks. Representatives of four of the five government agencies responsible for financial supervision used tree shears to attack a stack of paper representing bank regulations. The fifth representative, James Gilleran of the Office of Thrift Supervision, wielded a chainsaw."
http://delong.typepad.com/sdj/2008/0...ial-dereg.html
http://delong.typepad.com/sdj/2008/0...ial-dereg.html
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