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XMFSinchiruna (27.60)

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March 17, 2009 – Comments (9)

You may have seen the feature articles on the Motley Fool home page right now, where this year's March Madness is a square-off that seeks to apportion the blame for the financial crisis among the appropriate parties. We all know there is plenty of blame to go around, but I worked hard developing an agument that those responsible for repealing the Glass-Steagall Act bear more blame for the crisis than even Alan Greenspan. Please read the article here, and vote for whichever article you believe offers a more compelling case. Thanks so much!

Fool on!

9 Comments – Post Your Own

#1) On March 17, 2009 at 2:21 PM, goldminingXpert (29.60) wrote:

You got my vote--as much as it pains me to not vote for Greenspan, who I dislike greatly.

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#2) On March 17, 2009 at 2:33 PM, Xciteddon (68.88) wrote:

You have mine too although one lead to the other, but had interest rates gone up wouldn't we have experienced this drastic downturn in our economy sooner?

D

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#3) On March 17, 2009 at 2:47 PM, XMFSinchiruna (27.60) wrote:

Thanks to both of you fo your votes!

Xcite... to be sure... there's no one right answer here. :) There is plenty of blame to go around. I could have built a pretty strong case against Mr. Greenspan as well.  lol

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#4) On March 17, 2009 at 3:05 PM, philippalmer (76.92) wrote:

I would definitely have to give you a vote for the repeal of Glass Steagall. 

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#5) On March 17, 2009 at 3:07 PM, Alex1963 (28.79) wrote:

Sinch

Repealing Glass Steagall was catastrophic

Here is another good post on that subject from which I learned a lot. I'm currently pestering my congresspeople on this very issue.

"Repeal of The Glass-Steagall Act OR The Republican Orgy of Greed OR Sandy Weill-The "Good" Soldier"

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=163049&t=01004994858403520305#commentsForm  

Thank you for the post.Rec from me

Alex 

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#6) On March 17, 2009 at 3:16 PM, whereaminow (24.34) wrote:

I can't believe they threw Rand's name in there. I thought they would be less ignorant than that. Very sad.

David in Qatar

 

 

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#7) On March 18, 2009 at 12:31 AM, AnomaLee (28.73) wrote:

Why arent' geopolitcal figures there such as priority #1 figurehead, Bin Laden. He'd make the elite 8 in my book. I know some people aren't directly financial figures but there are many factors that lead to our present situation.

Anyway, I voted...

Kate Hudson to the Final Four.

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#8) On March 21, 2009 at 1:09 PM, usul2525 (96.91) wrote:

Greenspan is not to balme. Look no futher than your senators or members in the house who think defiecits spending is ok

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#9) On March 21, 2009 at 7:33 PM, usmilitiadude (31.99) wrote:

Gotta love America's deficit spending, entitlement loving, easy money, credit card charging, no money down, economy. 

The buck needs to stop with the politicians, they picked Greenspan and could have fired him. They pass the laws. There are many who have been in power since the 70s, 80s, and 90s. The voters are dopes. They need to be voted out of office.

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