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Re: [Pen-l] Financial Catastrophe: Here We Go Again


On Sep 19, 2008, at 3:46 PM, Jim Devine wrote:

Michael Perelman wrote:
The Reagan administration, including daddy Bush, moved to deregulate the
Savings and Loans. Given this newfound freedom, crooks and nincompoops
(including President Bush's younger brother) rushed in to take advantage of
profiting from other people's money.

for what it's worth, deregulation of the S&Ls was a bipartisan affair.

Not so oddly, it was not among the crimes that Fernand St. Germain was sent to jail for.

Shane Mage

"This is the sort of stupid pedantry up with which I will not put." (W. Churchill)


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