Tuesday, July 15, 2008

De-regulation and mortgages


Democracy Now! recently had an eye-opening, in-depth discussion of how de-regulation of our banking industry in the 1990's set the stage for the housing and credit crisis we are suffering from now. While many in the media are looking to place blame on homeowners for their mortgage woes, guest experts tell how Wall Street and Washington are the culprits in this latest corporate boondoggle.

Submitted by Holly LaRochelle

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