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The Clubhouse Bar
A Political Thread pt. 2
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<blockquote data-quote="Welsh Exile" data-source="post: 1222712" data-attributes="member: 82670"><p>I think it was a similar thing over here as it was in the states. It was more to do with the dismantling of regulatory frameworks going back to the 80s. In our case Thatcher in your case Reagan. </p><p></p><p>Obama obviously carried on the trend but to say it's largely down to him is unfair in my humble opinion. The lenders themselves obviously have to take a lot of the blame and earlier administrations for creating the culture in which they operated in as well as the creation of certain products that enabled toxic debt to be packaged up in other forms and sold on.</p></blockquote><p></p>
[QUOTE="Welsh Exile, post: 1222712, member: 82670"] I think it was a similar thing over here as it was in the states. It was more to do with the dismantling of regulatory frameworks going back to the 80s. In our case Thatcher in your case Reagan. Obama obviously carried on the trend but to say it’s largely down to him is unfair in my humble opinion. The lenders themselves obviously have to take a lot of the blame and earlier administrations for creating the culture in which they operated in as well as the creation of certain products that enabled toxic debt to be packaged up in other forms and sold on. [/QUOTE]
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