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On Nov 17, 4:08Â*pm, ∅baMa∅ Tse Dung wrote:
Was our great financial crisis caused by greedy and reckless bankers and Wall Street players? Â*Or by a broad range of individuals, financial institutions and governments who became less risk-averse and prudent? Â*Or by government housing policies that brought on the housing bubble and mismanaged the risks? Without waiting for the evidence, many in the political class, and particularly those on the left, immediately bought into the argument that the financial crisis was caused by greed. This view of the cause provided much of the political energy behind the passage this year of the Dodd-Frank Act, also known as the financial reform act. Peter J. Wallison, a former general counsel of the U.S. Treasury and now a fellow at the American Enterprise Institute (AEI), has debunked this argument, conclusively showing in a study that Barney Frank's government housing policies caused the crisis. http://www.aei.org/outlook/101004htt...10-10-11-g.pdf www.ToThePointNews.com I am of the 'opinion' that once Barney Frank's wrongs were known; and then after wards American Public {Voters} Reelected 'BF' : The Jury of Public Opinion had decided and Barney Frank was NOT Guilty [.] Same goes for all others including Charlie Rangel. Politicians Good or Bad Honest or Criminal The American Voters Decide ~ RHF |
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