Quote:
Originally Posted by aceventura3
It is interesting that the industries that are the most heavily regulated by governmental entities are the ones in the most distress, i.e., banking, and auto manufacturing. Government thinks more government is the answer. Scary isn't it?
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The truth is that the opposite is true. Nowhere is the more clear than in the case of Fannie and Freddie, which actually started failing as regulations became more lax.