Quote:
Originally Posted by tony404
It was deregulation that caused this mess,not people not paying their mortgages. credit swaps it was all run like a big fucking casino.The right encouraged deregulation.The auto industry is failing because the financial industry arent opening credit. Nissan is laying off 20 thousand workers.
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Yes .... you're right .... deregulation is what caused anyone to be able to get mortgages .... who in turn couldn't pay them because they never should have received them in the first place ... just depends upon how you look at it I suppose ......
Credit may be a part of it for the auto industry .... but there's plenty of mistakes that they made that also caused them to fail .... you could right a novel on the number of bad decisions the auto industry has made