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 Big Banks and D.C. Politicians Doing the EXACT SAME THINGS Which Caused the Financial Crisis In the First Place

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Hephaestus



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PostSubject: Big Banks and D.C. Politicians Doing the EXACT SAME THINGS Which Caused the Financial Crisis In the First Place   Sun Apr 07, 2013 12:16 am

Instead of Changing their Behavior to Prevent Another Crisis, the Powers-That-Be Double Down On the Strategies that Caused the Financial Crisis In the First Place

Liberals blame deregulation and reckless Wall Street greed for the economic crisis.

Conservatives blame bad government policy.

Now, the D.C. politicians are doing the exact same things which got us into the crisis in the first place. For example, they are:

Pushing banks to make home loans to people with weaker credit (sound familiar?)

Deregulating and even promoting insane levels of derivatives (ring a bell?)

Following policies which lead to rampant inequality (that didn’t work out so well last time)

more -- http://www.washingtonsblog.com/2013/04/big-banks-and-d-c-politicians-doing-the-exact-same-things-which-caused-the-financial-crisis-in-the-first-place.html
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