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View Diary: NY Atty. Gen. Schneiderman LOVES Today's Mortgage Fraud Deal. UPDATED x3 Liz Warren Likes it Too! (261 comments)

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  •  In '92 or '93, Greenspan justified (1+ / 0-)
    Recommended by:

    lowering the capital gains tax and then removing from sales of home entirely in order to "liberate the equity Americans had in their homes for the market".
    This was not too long after the debacle of churning housing lots by the S&L had finally been cleared up.

    Speculating with other people's money and assets has no down side, if the speculators are bereft of ethics and Profit is the only measure.  It used to be that one managed other people's money with more care and caution than one's own. It was a matter of honor.  No longer.
    It's no longer true of our stewards in Congress either.

    People to Wall Street: "LET OUR MONEY GO"

    by hannah on Fri Feb 10, 2012 at 09:46:39 AM PST

    [ Parent ]

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