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google.com - 12/1/2008
The Associated Press: AP IMPACT: US diluted loan rules before crash
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16 hours ago WASHINGTON (AP) The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the ...
news.yahoo.com - 12/1/2008
AP IMPACT: US diluted loan rules before crash (AP)
— news.yahoo.com — AP - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy... collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ... (more) AP IMPACT: US diluted loan rules before crash (AP)
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Political Animal:  They were warned

Blah3 Feed:  Telling Us What We Already Knew (But Glad It's Finally Out in the Open)

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They were warned
Political Animal — THEY WERE WARNED.... It's common now to hear Bush administration officials, asked about the financial crisis, insist that they had no idea this meltdown was coming. Unfortunately, they were warned, but ignored the concerns . The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents. [...] ...

Telling Us What We Already Knew (But Glad It's Finally Out in the Open)
Blah3 Feed — ... ADDING: Not only was nothing done proactively to prevent the current crisis, Barry Ritholtz points out that the Bushies actually did what they could to exacerbate it. See here and ...

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