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Originally Posted by striperman
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In other words the regulations were repealed plus your classic lobbyist loopholes were strewn about the place making ineffective US regulation (Yes that's my interpretation.[/B]
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Ya they were originally repealed to make it easier for everybody to buy a home.
"A pot in every kitchen, a chicken in every pot."
However, there were bills sent before Congress in 2001, 2003, and 2005 to put back stronger regulations which could have helped avert some of the crisis we're in now.
Those bills should have been passed and in mho a thorough investigation needs to be done to find any personal gains derived from the nay voters.
There are alot of suspects out there.