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Tag Archives: Bush

The original Sin

17-Apr-09

Does the corruption, greed, and malfeasance which pervaded the banks gone away? .. LOL
The original sin of our current downfall can be traced back to the mid-20th century when politicians broke the fundamental financial disciplines guaranteed by gold-linked currencies. More recently, politicians “encouraged” banks into “social lending” for low-income housing, which led to the sub-prime [...]