Did Lack Of Regulation Cause This Mess?

2008-03-09 — blogspot.com

`` The repeal of Glass-Steagall did not create this mess. Glass-Steagall itself helped create this mess. Would people put money on deposit at Corus Bank (CORS), Bank United (BKUNA), or Countrwide (CFC) were it not for FDIC? People flock to those places for one reason only: FDIC.''

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