Quote:
Originally Posted by randolph
Most people would agree that we had to save the big banks. If we didn't, full economic collapse would have made the great depression look like a minor recession.
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Alot of the banks failures was due to government intervention and the formation of things like the Community Reinvestment Act which forced banks to give out loans to people with spotty credit history and could not pay back the money. That was instituted when Carter was in office and the cumulative effects of that legislation have just recently emerged.
Alot of these types of problems can be traced back to big government rather than big business.
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*More posts than Bionca*
[QUOTE=God(from Futurama)]Right and wrong are just words; what matters is what you do... If you do too much, people get dependent on you. And if you do nothing, they lose hope... When you do things right, people won't be sure you've done anything at all.
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