How we got into this Economic Crisis

Mark Sumner, who is better known as the Daily Kos editor Devilstower, has written an excellent history lesson explaining how we arrived at this most recent economic point in this country.? As a history student, it’s always nice to read something that is well researched and well written.? Boiling it down to a nutshell, Sumner argues that the current financial crisis began with the Savings and Loan deregulation in 1982, a bill written largely by Fred Thompson, and continued through a series of economic deregulations that have wreaked havoc on this nation.? [The Nation]

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