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Deregulation Didn’t Cause the Financial Crisis, But It Might Help Solve It

Started by cordblomquist · 9 months ago

Banking expert Peter Wallison explains why deregulation didn’t cause the financial crisis.  Wallison was one of the few people who warned for years about the risky practices of the government-sponsored mortgage giants, Fannie Mae and Freddie Mac, which helped spawn the mort ... Continue reading »

3 comments

  • Nancyf

    9 months ago

    U admit they committed fraud and you got the balls to say it WASN'T the lack of regulation!?!? 'Cuse me while I go throw up this lie....
    reply
  • AliceInHouston

    9 months ago

    There is plenty of blame to go around. But the UNregulated derivatives market with its speculative Credit Default Swaps & CDO's is the biggest cause for this mess & will cause our economy to collapse. With estimates of 62 trillion dollars in the US alone, more than 142 trillion worldwide, even a trillion dollar bailout is but a drop in the ocean. Of course your agenda driven spin piece doesn't even address that.

    There has also been massive fraud that has been exposed in this sham! Inasmuch that BOTH parties are not serving us, the constituents, but the bankers and CEO's and corporations also own the media, rest assured you will not hear the real story on the nightly news.

    From Bush to Clinton and Bush Jr. it's just more of the same. Deregulation has EVERYTHING to do with this! Goodness, the Regulators that are supposed to be overseeing what little there are left have merely turned a blind eye to the massive fraud.

    www.moneyandmarkets.com
    www.rgmonitor.com
    www.marketoracle.co.uk

    What is it you were babbling about?
    reply
  • Lone Wolf

    9 months ago

    To say deregulation didn't play a hand in the crisis is foolish, saying it was the only cause is equally as foolish if not more.
    The crisis was not cause by a single thing, its the culminating of multiple things including deregulation and the government pushing banks to give bad mortgages, greed, general stupidity (the idea that a market can grow forever and the idea that a house is an investment)
    reply

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