09-16-2008, 02:35 PM
I pulled out of Wamu when the stock hit $3 (from $44, in just a handful of weeks).
I'd like to know which specific set of laws and regulations (deregulations?) put so many of
these banks at risk by permitting them to offer funds to less than credit worthy applicants,
and ultimately, who is responsible for doing so.
In essence, I want to know if Congress forced this upon Bush, or did a Republican Congress push this in front of Bush who was waiting for it with glee.
I'd like to know which specific set of laws and regulations (deregulations?) put so many of
these banks at risk by permitting them to offer funds to less than credit worthy applicants,
and ultimately, who is responsible for doing so.
In essence, I want to know if Congress forced this upon Bush, or did a Republican Congress push this in front of Bush who was waiting for it with glee.