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The precedent was already set before. S&L others, it's a regular, periodic occurrence.
by njharman 15y ago
The precedent was already set before. S&L others, it's a regular, periodic occurrence.
- shareme 15y agothat gets bigger each time after a major financial deregulation law package passes..its an uncanny correlation..uncanny as most congress people and senators seem to be okay with overlooking it as long as their political war chests are filled with lobbyists dollars..
- yummyfajitas 15y agoI'm curious - what are the major financial deregulation laws you are speaking of?
- bbatsell 15y agoThe Garn–St. Germain Depository Institutions Act preceded the S&L crisis and both the Gramm–Leach–Bliley Act and the Commodity Futures Modernization Act preceded the subprime mortgage crisis. http://en.wikipedia.org/wiki/Garn_-_St_Germain_Depository_Institutions_Act http://en.wikipedia.org/wiki/Garn_-_St_Germain_Depository_In... http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act http://en.wikipedia.org/wiki/Commodity_Futures_Modernization_Act_of_2000 http://en.wikipedia.org/wiki/Commodity_Futures_Modernization...
- joe_the_user 15y agoThe bailouts have indeed occurred on a regular basis since at least, say, the mid 80's (the Continental Illinois Bailout). The rather clear problem is they have been increasing in size at an alarming rate. This is exactly what one would expect. Each bailout increases the moral hazard involved in the banking system. http://en.wikipedia.org/wiki/Moral_hazard http://en.wikipedia.org/wiki/Moral_hazard Heaven help us with the next bailout.