All this Presidential and politician talk about the 1980s and 1990s rush to the 'benefits' of deregulation have resulted in another foreseeable financial fiasco !! As if the infamous ripoff of the Savings and Loan Disaster were not bad enough for the image of the less regulation please American banking industry, now we have fraudulent and illegal credit card scams and a real Credit Crisis !!
I do not believe that someone as smart as Alan Greenspan did not see the pure financial folly of the 1995-2000 Dot Com Boom and Bust, nor the overheated USA real estate market, nor the U.S. Congress-bought unfair edge of the American banks. Smart ,ivy league university educated bankers must have seen this coming from miles away, and if they claim they did not, then they should be held fully and completely liable without any taxpayer bailout of their greedy risky behavior.
Lord knows after ripping the public off for decades they can certainly afford to pay for the entire mess !!
