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RE: "America's financial banking industry policy: The definition of insanity"

"Why hasn't anyone gone to jail over the one in 2008?"

Because it is easier to throw irresponsible buyers onto the streets and bail out irresponsible lenders than to throw irresponsible lenders into prison?

I remember back in the pre-911 days the economy was really really stinky. Well 911 and this easy home loan scam floated the economy for most of the Bush administration reign. I'm not saying this was a conspiracy but it is in fact why we didn't begin to feel the economic crunch until the later half of the decade.

One thing I'm very disappointed in this president for has been his inability to re-impose most of the regulations required to get us out of the Great Depression which since the 80s had been removed. Now of course we are on the brink of more balloons bursting and an even greater financial calamity.

With the election cycle what it is, bandaids and kicking the can down the road have become the standard mode of operation around here.

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