Bush

Since a new economists’ study traces the roots of the Recession to the 90s, is Clinton more to blame than Bush?

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Question by Richard RIGHT: Since a new economists’ study traces the roots of the Recession to the 90s, is Clinton more to blame than Bush?
This study says it all comes down to there being nothing to back inter-bank loans: “The REPO market of interbank loans had always existed but it grew dramatically in the 1990s to support securitization. But since there was no deposit insurance for institutional loans measured in hundreds of millions of dollars, counterparties demanded collateral to back these overnight REPO loans that generally replaced demand deposits in the banking system.”

http://www.housingwatch.com/2010/02/26/it-wasnt-a-mortgage-recession-after-all-so-why-dont-we-feel-b/?icid=main|main|dl1|link3|http%3A%2F%2Fwww.housingwatch.com%2F2010%2F02%2F26%2Fit-wasnt-a-mortgage-recession-after-all-so-why-dont-we-feel-b%2F

Best answer:

Answer by Paul Grass™
Absolutely he is, so is the Democratic controlled congress

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Why did the Clinton and Bush deregulation regime lead to misallocation of capital ending in financial collapse?

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Question by ideogenetic: Why did the Clinton and Bush deregulation regime lead to misallocation of capital ending in financial collapse?
Is it now obvious that markets do not know best how to allocate capital?

“And what I’m saying to you is, yes, I found a flaw. I don’t know how significant or permanent it is, but I’ve been very distressed by that fact.” – Alan Greenspan, finally realizing the flaws of capitalism that Marx understood in the 19th century.

Best answer:

Answer by Bo Bo
What they called deregulation wasn’t.

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