http://csr-news.net/main/2008/09/26/economists-on-the-us-financial-crisis-and-bailout/ Internet platform on corporate social responsibility (CSR): news, directory, search, literature, Nachrichten, Aktuelles Thu, 09 Feb 2012 11:11:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://csr-news.net/main/2008/09/26/economists-on-the-us-financial-crisis-and-bailout/comment-page-1/#comment-173 Nestor Fri, 26 Sep 2008 19:51:42 +0000 The reason that all of these speculative investments are crushing banks finances can be directly attributed to the 1999 Financial Services Modernization Act. Because of brevity considerations, I'll just say that you should start your research there. You will soon understand how it was this "Chicago Boy" like repealing of crucial regulatory aspects of the 1933 Glass-Steagall Banking Act that opened the floodgates to this mess. The reason that all of these speculative investments are crushing banks finances can be directly attributed to the 1999 Financial Services Modernization Act. Because of brevity considerations, I’ll just say that you should start your research there. You will soon understand how it was this “Chicago Boy” like repealing of crucial regulatory aspects of the 1933 Glass-Steagall Banking Act that opened the floodgates to this mess.

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