> Surely you can give a single example to support your claim that Bush > deregulation was responsible for the "subprime mortgage crisis".
It's fairly obvious it all began with private investment banks going public in the 1980's and shifting liabilities onto shareholders. Since then it's been a steadily increasing land slide of increased risk in an environment of decreasing regulation as apparent wealth creation has been trumpeted widely while the increasing fragility of ever leveraged debt remained hidden. Both Republican and Democrat administrations were blinded by the proclaimed profits, and everyone (and there were quite a few) who warned of the dangers was simply ignored because the big players pooh poohed them. What most failed to notice was the incentives the big players had to ignore reality - it not being their wealth they were risking. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
