It was a lot flusher than it is today. And the main reason it wasnt even more flush came straight from BillyBob...can you say Glass-Steagall? Still think EVERYONE deserves to own a home regardless of if they can afford it or not? Wait til you see what EVERYONE deserving health insurance whether or not they can afford it does to the economy. In 15 years our economy is going to be so bad its going to make Mexico look good
Originally Posted by amishgangster
the collapse of the financial industry was more complex than blaming Glass-Steagall alone ... AIG insured all the big banks against other big banks failing .., when Leaman went down the tubes AIG was up to their belt loops in debt... enter the mad scramble to save AIG from bankruptcy, enter the government, enter the sitting administration, enter the bailout ... most of which has been paid back (so to speak) at the expense of taxpayers ...