How much blame can we put on Reagan's deregulation of the banking industry for our current economic failures ? - Yahoo! Answers: "His policies (Reaganomics) began the deregulation of the banking industry simply for selfish reasons.
If you deny that the Republicans were not responsible for this, try checking out the Gramm-Leach-Bliley Act of 1999. Yes that Phil Gramm, McCain's campaign co-chair who earlier this summer called the American public "a nation of whiners"). It pretty much repealed key provisions of the Glass-Steagal Act of 1933 which set up the Federal Deposit Insurance Corporation (FDIC)."
'via Blog this'
No comments:
Post a Comment