Quote:
Originally Posted by kane
That's true. He was smart enough to basically stay out the way. . . of course some of the deregulation he signed into law did help cause the later collapse, but that could easily be seen as one of those hindsight is 20/20 things.
|
It was one of those things where if the banks did things as intended all should have been fine. They got the sweet taste of the insane returns on sub-prime mortgages and exploited them every way they could think of.
Gotta think of the banks like junkies. Give them a little baggie and tell them it has to land all weekend and they will go off the deep end into a deep binge.