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On 8/12/2013 5:51 PM, wrote:
Frank/Dodd did loosen up lending requirements. Clinton encouraged and signed BOTH pieces of legislation that "unchained" Wall Street. He was too centrist in that regard. Nobody was complaining when the bubble was inflating and their house tripled in value. Unemployment in the construction industry was 0.5% Nobody complained about that either. It was sort of like the Dot Com bubble a half decade before. Nobody complained about that either ... until the crash. http://en.wikipedia.org/wiki/Brooksley_Born |
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