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http://www.guardian.co.uk/business/series/road-to-ruin
Several good articles from the Guardian.co.uk
Several good articles from the Guardian.co.uk
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Re: Road to Ruin: Recession in Britain
If you kick on the video he starts his "Tour" In Liverpool. He walks down a street about 3-4 miles from my workshop.
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Re: Road to Ruin: Recession in Britain
yes! we all know what a success sarbanes-oxley has been!Clinton might have started the sub-prime ball rolling, but the Bush administration certainly did little to put the brakes on the vast amount of mortgage cash being lent to "Ninja" (No income, no job applicants) borrowers who could not afford them. Neither did he rein back Wall Street with regulation (although the government did pass the Sarbanes-Oxley Act in the wake of the Enron scandal).
THe piece was not that bad actually, but again the blame comes back to "free markets" and off course missed the boat on saying more regulatioin was needed for lending standards. But it was government placed lending standards...
also the insistence on greed greed greed of bankers, which shifts attention away from the real problems.
THey also missed big time on putting henry paulson on the list...Comment
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