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stinkcat_14
Guest
Part of the problem, is that very few people want a truly free economy. Vern claims to be a conservative, but thinks that the housing market cannot function on its own with a mortgage tax deduction.
Code:So increase the deregulations of savings and loan industry, as Reagan did, and the mortgage and financial institutions that second Pres Bush did? Did you notice the results? Massive bankruptcies, that gravely damaged our Economy. Would you also stop the Tax Payer sudsidizing the massive loses, as both fiscally liberal Presidents did? Please furnish one Nation wherin the free market successfully managed itself. One example will do. Vivat Jesus, not self. :D
The problem with the S and L’s in the 80’s was one of too much disjointed regulation. When you tell S and L’s to loan to whom ever you want, combined with telling depositors that you will refund them their money if the S and L goes bankrupt, it can give CEO’s of poorly managed S and L’s an incentive to take on too much risk. Which is exactly what happened.