« Back to story "Republicans need humility more than money"

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Posted by: crghss 9 months, 2 weeks ago

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crghss9 months, 2 weeks ago

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Nothing in there about banking. May help to actually read your links.

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  jovial9 months, 2 weeks ago
  
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  The Depository Institutions Act of 1982, another Reagan initiative, was supposed to "revitalize" the housing industry by freeing up the S to make more loans. Instead, the regulation rollback led to what economist John Kenneth Galbraith called "the largest and costliest venture in public misfeasance, malfeasance and larceny of all time" as they engaged in a fury of high-risk lending. The collapse that followed cost taxpayers an estimated $150 billion in government bailouts, and contributed to the recession of the early 1990s.
  
  How's that?
  
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    ADAGUY9 months, 2 weeks ago
    
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    I don't think that's what he wanted to hear!
    
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