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In each of the first two presidential debates, Barack Obama claimed that "Republican deregulation" is responsible for the financial crisis. Most viewers probably accepted this idea, especially because Republicans generally do favor deregulation.
"there has been significant deregulation in the U.S. economy during the last 30 years, none of it has occurred in the financial sector."
But then you acknowledge the passaged of Gramm-Leach-Bliley Act of 1999 the caveat being that it was "supported and signed" by Clinton. Which is it going to be, no deregulation but there was deregulation but it was signed in to law by Clinton so it wasn't really deregulation?
As for Fannie Mae and subprime loans, there have been more than a few authoritative articles and post here on CD which debunk the whole Fannie Mae, Feddie Mac cause of financial meltdown theories. I suggest that you search them out and read them, before spamming with a WSJ article.
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