All the financial scandals that have recently come to light started in the 1990's and were by people who were politically connected. Enron employed Laura Tyson, Mac McClarty and many other Clinton administration officials. Madoff was close to Schumer and other Democrats. The Sandlers at Golden West were close to Soros and many top Democrats. The head of Countrywide was also close to many top Democrats. All the top people at Fannie Mae and Freddie Mac were high level Democrats. Stanford was politically connected. There is a new scandal at Ginnie Mae that is being covered up by the MSM.
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