dr55mac

Financial Crisis: This Is the Real Deal

Congress created this crisis with the end of red lining and the CRA act . after the made banks make riskier oloans they then hit Hud up for ways fopr the banks to get them off their books --Freddy and
fanny. kThis ushersed in the era of the MBS and government enabled greed . We need reregulation not more of this stuff. I hope they nail Barny and Chris for this!!!

Big Banks: Too Big To Fail, Too Big To Bail

We ought to creat a class of banks that are" too big to fail" and watch them much more closely like limiting their ability to leverage their accets more than 10 to 1. There are also big companies like GM and GE that need to be treated to constant daily checking by the government . Thgis would limit the total growth because some companies would like to have their credit sheets below the radar .