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FEB 08, 2013 - Business Insider

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Why Republicans' Explanation Of The 2008 Crash Is Dangerously False

Basically, there are two explanations that are given for the 2008 crash: the Democratic one, which says that Wall Street was deregulated and ran wild with frauds that cheated both the people who signed to trick mortgages and the people who bought the fraudulent mortgage-backed securities; versus the Republican one, which says that there was too much regulation in order to get poor people to buy houses they couldn’t afford, and so Fannie Mae and Freddie Mac ran wild with insuring or even buying mortgages to the poor, who basically ripped off the system and so caused the crash. You can ... Read More

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