Timeline To Lending Crisis: Deregulation Is The Culprit
Nomi Prins at Mother Jones offers a concise series of bullet points on how the American financial system rewards influence at the legislative level, and where lack of regulation or regulations *removed* play a part in our current fiscal malaise.
Where Credit Is Due: A Timeline…
Comments
Great insight. Too bad it only goes up to May 2008. It would be nice if Nomi would do an addendum to the current time (Sep 2008).
Agreed. By June it was clear the failures were coming, but by that point I think everyone in legislative knew it was too big to resolve with just a simple appropriation. Better to let the shit hit the fan; serves the interests of both parties.