The Mortgage Market Meltdown & Uncle Sam
Jeff For Banks
JANUARY 29, 2010
'There is a lot of troubling discussion about what to do so the mortgage meltdown that occurred in late 2008 does not happen again. Public outrage was first directed at banks in general, then migrated upstream to the big "fat-cat bankers", i.e. those top 19 banks that were told to take TARP funds. Now, politicians and former Fed officials (namely, former Fed Chairman Paul Volcker) are calling for a reinstatement of Glass-Steagall, that depression era law that separated commercial banking from in
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