The Mudcat Café TM
Thread #127125   Message #2842335
Posted By: CarolC
17-Feb-10 - 05:16 PM
Thread Name: BS: Palin sips tea tonight
Subject: RE: BS: Palin sips tea tonight
Also, while predatory lending was definitely a part of the problem, an even bigger contributor to the problem was the creative ways they repackaged those loans and put top ratings on them in order to hide the risk from investors. This would not have happened while Glass-Steagal was still in effects, and is one of the reasons we need that kind of regulation of the financial institutions in this country.