Republicans and democrats replealed Glass Stegal and slick willy signed it. Unverified income to get a home loan was very problematic, Derivatives were the final nail in the coffin. Banks mixing good/bad paper and selling, speculators buying derivatives on the outcome (when teh glass house collapsed)
Republicans and democrats replealed Glass Stegal and slick willy signed it. Unverified income to get a home loan was very problematic, Derivatives were the final nail in the coffin. Banks mixing good/bad paper and selling, speculators buying derivatives on the outcome (when teh glass house collapsed)