you might be interested in this.
FYI
Thank you. I loved it. Here are some excerpts:
It was crippled by the doubts of senior officials about the value of regulation, by a tendency to discount anecdotal evidence of problems and by its affinity for the financial industry.
The Fed’s reluctance was part of a broad governmental retreat from oversight of the financial industry. Greenspan and many politicians in both parties saw regulation as a blunt instrument that often deprived more people than it protected.
Like I been saying, this “gov’t shouldn’t do anything” mentality of the libertarians is stupid and has pretty much gutted the GOP over the last 30 years. Electing a current republican is like putting a neutered bull in the pasture and expecting some calves. It ain’t gonna happen.
parsy, who is disgusted