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Originally Posted by Paul Markham
Without proper legislation these guys were allowed to do as they pleased.
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Yeah, and still are. Obama has done fuck all about it.
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They repeated the process that brought about the Depression. Buying and selling $1 bills for $2. And paying themselves a huge bonus on the back of non existent profits.
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Not quite. It was more to do with the CDOs, AIG, Investment Banks, Leverage Ratios, Credit Ratings etc. Lot's of factors. Wasn't the same thing that caused the Depression, because the things that caused it weren't allowed or didn't exist when that occured.
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Is legislation in place to stop it happening again?
No because for a short while Governments profit from the illusion. Then when the shit hits the fan, they bail out the banks who restart the process.
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No it isn't.
And a lot of the people who caused problems have jobs in government
