thadea (November 30, 1999 at 12:00 am)

@cheesebone82 Maybe the magnitude of it was made more severe because of that, but the crisis would have still occurred none the less. The regulation must be in place. That's why it was there in the first place.

Ryodisis (November 30, 1999 at 12:00 am)

BBBB? Must be a new super rating! XD

houdapurple (November 30, 1999 at 12:00 am)

thanks !

jiyefuuu (November 30, 1999 at 12:00 am)

who here is watching for FIN310?

mariusww1 (November 30, 1999 at 12:00 am)

this guy is an alcoholic

99mrfins (November 30, 1999 at 12:00 am)

Where's Alan Greenspan, Reagan's lovechild, when you need him? He was responsible for the Glass-Seagal act being repealed. Those who think the capitalist system will take care of itself w/o a responsible government intervening must also believe that it was Jesus himself that preached this 'gospel'. From 1980 forward these policies have led to one crisis after another, nothing being changed, and there are those that think different results will be forthcoming.

cheesebone82 (November 30, 1999 at 12:00 am)

@jeanpaulfelix Absolutely not, though. The deregulation is not the source of the problem.. the fact remains that these loans were created with money that was supplied by the Federal Reserve at ridiculously low, unrealistic interest rates. Absent the money supplied by the FED, than banks wouldn't have had the funds necessary to write all these mortgages in the first place, and the whole crisis would have been averted by itself. This problem was created by irresponsible monetary policy.

ppingpoong (November 30, 1999 at 12:00 am)

so... what does every1 think about paul fiani?

jeanpaulfelix (November 30, 1999 at 12:00 am)

@DoBrigh Hey DoBrigh, amazing explanation!!! Thanks!!! And you're absolutely correct, the 'de-regulation' that started in the 80's is behind all of this mess

qwertyuiop2669 (November 30, 1999 at 12:00 am)

Mmmm bubbly