moldybluecheesecurds 2

Monday, March 24, 2008

Bush administration cut red tape, and safety lines

Many people act as thought the subprime mortgage crisis and Bear Stearns collapse were inevitable motions of the "invisible hand." But the truth is that regulators deliberately turned their backs on the problem, touting the reduction of onerous regulation.

Nice work, fellas. Some Scotch tape is in the mail for all those regs you slashed.

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