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Originally Posted by Shawnee123
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Also, why did everyone in the know walk around with their heads up their asses until the crisis got THIS BAD?  Why is this typical of the Bush administration? Until things hit rock bottom, they're counting birds in the sky or something. |
I don't believe for one whit that they were clueless. In fact, I believe that they knew the risk (of deregulating the games that helped to create this mess) and had this back-up plan ready to go. Wall Street is so deeply embedded in our government that they feel they can pretty much do as they please.
I am in no way whatsoever an expert on these matters. This opinion is just my gut reaction. But tell me...when they started to dish out thousands of ARM's to low income people, didn't they know what was going to happen? That must be why these
'assets' were sold off so quickly.