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Comment on: PeterandHelenEvans.com

It's not a financial crisis, it's a moral crisis

2 Comments

Wrong

This is a crisis created by the Republican party's obsession with deregulation.

"Wrong?"

Eileen, you're right... if by "deregulation" you mean that Fannie and Freddie and the banks were 'regulated' into taking on mortgages that they knew were unlikely to be paid off. They were forced by government fiat to break their own lending regulations for the sake of "home ownership."