In 1999, Biden voted to repeal the banking regulation that could have helped prevent the recent collapses.
(media.greatawakening.win)
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Theres many reasons 2008 happened, including the government coercing banks into subprime mortgages, and also the rating agencies mass misappropriating value in MBS's and CDO's.
Along with the FDIC continuing to subsidize the fraudulent Fractional Reserve Banking system, which should have gone the way of the dodo after 1929.